Chinese Company Zhejiang HangKe Technology Lists Its GDRs on SIX Swiss Exchange

Today, Zhejiang HangKe Technology Incorporated Company (Ticker "ZHT") becomes the first company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange in 2023.

Chinese Company Zhejiang HangKe Technology Lists Its GDRs on SIX Swiss Exchange
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Zhejiang HangKe Technology Incorporated Company placed 12,625,697 GDRs at an offer price of USD 13.69 per GDR, with one (1) GDR representing an interest in two (2) A-shares of the company. The A-shares of the company are listed on the Shanghai Stock Exchange. Zhejiang HangKe Technology Incorporated Company raised gross proceeds of approximately USD 172.85 million from the GDRs offering.

Zhejiang HangKe Technology Incorporated Company is engaged in the design, R&D, production, sales and services of lithium-ion battery formation and grading equipment and systems.

More information about Zhejiang HangKe Technology Incorporated Company.

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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.
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