Chinese EV battery supplier Farasis receives regulatory approval to raise USD479 million
Farasis announced in 2019 that it planned a share market listing
Mainland Chinese EV battery maker Farasis Energy has received regulatory approval to raise approximately CNY3.4 billion (USD479 million) in an initial public offering (IPO) on China's Nasdaq-like STAR board, according to a Reuters report on 2 April citing a statement by the Shanghai Stock Exchange.
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