Stock Track | SERES Soars 5.06% Intraday on CAT-Led Investment in Subsidiary Landian Technology

Stock Track

05/26

SERES's stock price surged 5.06% during intraday trading on Tuesday, following a significant corporate announcement regarding its subsidiary.

The sharp rise comes after SERES announced that its subsidiary, Chongqing Landian Technology Co., Ltd., is set to receive a capital increase of approximately 6.671 billion yuan. New investors in the funding round include a subsidiary of Contemporary Amperex Technology Co., Ltd. (CATL), Jiangsu Bojun Industrial Technology Co.,Ltd., and Changzhou Xingyu Automotive Lighting Systems Co., Ltd. This strategic investment brings notable industry players into SERES's ecosystem and is expected to change the accounting treatment of SERES's stake in Landian Technology, potentially yielding investment returns.

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