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Prenumeration
Gigasun AB (publ) welcomes today's announcement from China's central bank to lower reference interest rates. The five-year loan prime rate (LPR 5) will be lowered from 3.60% to 3.50%, whichis expected to reduce the company's interest expense and strengthen cash flow.
At the same time, we note with interest that CATL, the world leader in energy storage, today made a successful stock market debut in Hong Kong. CATL's stock jumped up to 18% on thefirst day of trading, after raising $4.6 billion in the world's largest IPO to date in 2025. The successful listing strengthens the companies active in the green transition.
Gigasun’s CEO Max Metelius, comments:
"It is gratifying to see both monetary policy easing and strong capital markets in China. These factors improve the conditions for Gigasun's growth and profitability in the region