Source: Tech – South China Morning PostHuang Shilin, co-founder of Contemporary Amperex Technology (CATL) and its third-largest shareholder, has cashed in on a rally in the Chinese electric vehicle (EV) battery giant’s shares, selling a 1 per cent stake worth 1.7 billion yuan (US$239 million).
The engineer-turned-entrepreneur agreed to offload 45.6 million yuan-denominated A shares to 16 corporate and institutional investors at 376.12 yuan (US$52.92) apiece, according to a filing by CATL to the Shenzhen Stock Exchange. The…Read More