External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>BaTeLab raised HK$120mn from a private placement on 21 May (link), with 3mn shares at HK$40.</li><li>The company will use the net proceeds to 1) increase the investment in upstream manufacturing resources (including but not limited to building its own wafer fabs and strengthening cooperation with existing wafer fabs) and 2) other general working capital.</li><li>We expect the recent issuance to help the company secure its upstream fabrication capability, which is crucial for BaTeLab’s future expansion given the long-tail nature of the industrial-grade analog IC market. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BaTeLab raised HK$120mn from a private placement on 21 May (link), with 3mn shares at HK$40.The company will use the net proceeds to 1) increase the investment in upstream manufacturing resources (including but not limited to building its own wafer fabs and strengthening cooperation with existing wafer fabs) and 2) other general working capital.We expect the recent issuance to help the company secure its upstream fabrication capability, which is crucial for BaTeLab’s future expansion given the long-tail nature of the industrial-grade analog IC market. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BaTeLab (2149 HK) - Private Placement Completed, Now Eyes on Execution