Jiangsu Zenergy Battery hits 5-week low on discounted share sale

Jiangsu Zenergy Battery Technologies

17/10/2025 03:23

** Shares of Jiangsu Zenergy Battery Technologies 3677.HK fall 9.3% to HK$10.81, their lowest level since September 10

** Stock on course for the biggest one-day pct decline since debut in Hong Kong on April 14

** China-based electric vehicle battery products producer plans sale of 45.92 mln new shares in share placement, raising HK$504.2 mln ($64.91 mln) to fund construction of new production facility, upgrade production line and for R&D

** Says the shares will be offered at HK$10.98 apiece, representing a 7.9% discount to Thursday's close of HK$11.92

** So far from its debut, stock up 30.7% from IPO price of HK$8.27 each

($1 = 7.7679 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))