News Snapshot:
Gotion Hi-Tech, a Chinese power battery manufacturer , announced plans on Thursday to issue Global Depository Receipts (GDR) and to apply for a listing on the Swiss Stock Exchange. GDR uses the company’s newly issued RMB ordinary shares (A shares) as the underlying securities. In order to complete the plans, the company intends to turn into an overseas offering company limited by shares according to relevant laws and regulations, issuing GDRs to investors who meet relevant conditions according to the terms and conditions set out in the GDR Prospectus. Gotion Hi-Tech said the funds to be raised from the GDR...
