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An announcement from Ganfeng Lithium Co ( (HK:1772) ) is now available.
Ganfeng Lithium Co., Ltd. has successfully completed the placement of 40,025,600 new H Shares and issued HK$1,370,000,000 in convertible bonds due 2026. The placement, which represents approximately 9.02% of the total H Shares, raised gross proceeds of approximately HK$1,171.95 million. Both the shares and the bonds were placed with independent professional or institutional investors, ensuring no new substantial shareholders emerged. These financial maneuvers are expected to bolster Ganfeng Lithium’s capital structure and support its strategic initiatives in the lithium market.
The most recent analyst rating on (HK:1772) stock is a Hold with a HK$27.77 price target. To see the full list of analyst forecasts on Ganfeng Lithium Co stock, see the HK:1772 Stock Forecast page.
More about Ganfeng Lithium Co
Ganfeng Lithium Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the lithium industry. The company focuses on the production and distribution of lithium products, which are essential for various applications, including electric vehicle batteries and energy storage systems.
Average Trading Volume: 13,956,591
Technical Sentiment Signal: Buy
Current Market Cap: HK$77.88B
See more data about 1772 stock on TipRanks’ Stock Analysis page.