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 today.

Chaowei is also seemingly not deterred by a recent profit-warning by another Hong Kong-listed company in the same industry, perhaps seeing this as an opportunity to capture investors who may be looking for...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222