Chinese battery materials maker CNGR gets approval for IPO

The initial public offering (IPO) by Chinese battery materials producer CNGR Advanced Materials Co Ltd has been approved, according to a document filed to the Shenzhen Stock Exchange on Wednesday September 23.

CNGR has been given the greenlight to be listed on the second-board market and the company plans to sell up to 56.97 million shares to domestic investors.

The battery materials producer expects to raise approximately 1.6 billion yuan ($234...

Published

Susan Zou

September 24, 2020

10:03 GMT

Shanghai