HONG KONG, May 11 (Reuters) - Chinese battery maker CATL
is launching its Hong Kong public offering on
Monday, aiming to raise at least $4 billion at an around 5%
discount to its domestic share price, three people with
knowledge of the deal said on Sunday.
CATL's Shenzhen-listed shares last traded at 248.27 yuan on
Friday.
The company has finalised investor briefings ahead of book
building, having secured around $2.6 billion from cornerstone
investors, the three sources said, declining to be named as the
information was not yet public.
Cornerstone investors include Kuwait Investment Authority
and China's oil major Sinopec, which committed $500
million each, and a vehicle under Hillhouse Investment which
committed $200 million, two of the sources said.
CATL did not immediately respond to a Reuters request for
comment.
The cornerstone investors did not immediately comment.
(Reporting by Kane Wu, Julie Zhu and Summer Zhen; Editing by
Emelia Sithole-Matarise)