Sunwoda Electronic Co., Ltd. placed 28,759,000 GDRs at an offer price of USD 15.30 per GDR, with one (1) GDR representing an interest in five (5) A-shares of the company. The A-shares of the company are listed on the Shenzhen Stock Exchange. Sunwoda Electronic Co., Ltd. raised gross proceeds of approximately USD 440 million from the GDRs offering.
Sunwoda Electronic Co., Ltd. is active in the global lithium-ion battery industry and the product offering includes 3C battery, electric vehicle battery and energy storage system battery and solutions, and it has integrated capabilities in research and development, design, manufacturing and sales and constructed a complete industry supply chain. Sunwoda Electronic Co., Ltd. was founded in 1997 and it is headquartered in Shenzhen.
More information about the company is available here.
Please do not hesitate to contact Jürg Schneider.