CATL's $5b Swiss listing delayed as Chinese regulators raise concerns

CATL's $5b Swiss listing delayed as Chinese regulators raise concerns

FILE PHOTO: The logo of Chinese battery maker CATL is seen among a display of batteries at an exhibition titled "Forging Ahead in the New Era" during an organised media tour ahead of the 20th National Congress of the Communist Party of China, in Beijing, China October 12, 2022. REUTERS/Florence Lo

Chinese battery giant CATL‘s plan to raise at least $5 billion in Swiss global depository receipts (GDR) has been delayed as Beijing regulators raise concerns over the large scale of the offering, three people with direct knowledge of the matter said.