CATL sets the offering price in Hong Kong at the lower end of the recommended range.

According to the transaction documents seen by the media, Contemporary Amperex Technology Co. Limited (CATL) priced the shares it placed in Hong Kong at the bottom of the proposed range. The documents show that the Chinese battery manufacturer placed shares at a price of 628.20 Hong Kong dollars per share, which is the lower end of the proposed range of 628.20 to 651.80 Hong Kong dollars per share.