Chinese battery maker charges on with listing plans

Chaowei Power aims to raise up to $93 million and has attracted Malaysia's Khazanah as a cornerstone investor covering 30% of the deal.

Chaowei Power Holdings, a manufacturer of lead-acid motive batteries for electric bikes, is going ahead with its listing plans even though the volatile market environment continues to claim victims among other listing candidates. The latest company to withdraw a share offer from the Hong Kong market is Xinjiang Goldwind Science Technology, a manufacturer of wind turbine generators, which was aiming to raise up to $1.2 billion through a deal due to price last Friday see separate story on our website...

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