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Leapmotor wins CSRC approval for 6.744 billion yuan private placement

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  • Leapmotor received CSRC approval to issue domestic shares to FAW Equity Investment and Jinyi Gaoxin.
  • The private placement will raise approximately 6.744 billion yuan, or about $1.0 billion.
  • Leapmotor and China FAW Group signed a deepened strategic cooperation agreement on August 24.
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