CATL stock price in focus before China open after share-swap deal surfaces
Yongtai Technology will issue shares to buy a 25% stake in Shaowu Yongtai Gaoxin Materials from CATL, making CATL a shareholder. Yongtai shares are suspended from Feb. 9 as final deal terms are negotiated. CATL’s Class A shares closed at 369.11 yuan, up 1.7% Friday. Investors await further details and CATL’s March 21 results.