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00476 EV DYNAMICS
RTNominal unchange0.101 0.000 (0.000%)
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24/05/2021 14:19

China Dynamics (00476) mulls NASDAQ listing

[ET Net News Agency, 24 May 2021] China Dynamics (Holdings) Limited (00476) said it is
considering a possible secondary listing on NASDAQ in the United States. The terms of the
proposed listing, including offering size and price range, have not yet been finalised.
China Dynamics said it has emerged as a leading pioneer manufacturer in electric
drivetrain and vehicle networking since 2014. The group is now accelerating its pace of
overseas market expansion and is expected to receive further sizable orders for its
electric vehicles (EV) from overseas customers in the near future. It is anticipated that
additional working capital will be required by the group for the development of its EV
business and general working capital. (KL)

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