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.

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About SIX
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users (120 banks). With a workforce of 4,044 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million in 2022.