Ganfeng Lithium Moves to Update Articles After Capital Increase and H-Share Expansion

Ganfeng Lithium Co ( (HK:1772) ) has shared an update.

Ganfeng Lithium Group Co., Ltd. has proposed amendments to its Articles of Association to reflect an increase in total issued share capital from 2,017,167,779 to 2,096,694,404 shares following a placement of new H-shares and the conversion of its HK$1.37 billion 1.50% convertible bonds due 2026. The revisions adjust the registered capital to RMB2,096,694,404 and update the shareholding structure, with A-shares remaining at 1,613,593,699 but falling to 76.96% of total equity and H-shares rising to 483,100,705, or 23.04%, underscoring a growing offshore investor base and potentially enhancing the company’s financing flexibility and international market presence; the changes are subject to approval by shareholders at an upcoming extraordinary general meeting and necessary regulatory clearances.

The most recent analyst rating on (HK:1772) stock is a Hold with a HK$65.00 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 Group Co., Ltd. is a Chinese joint stock company listed in Hong Kong that operates in the lithium industry, producing lithium compounds and materials that are widely used in batteries and new energy applications. The company issues both A-shares on the mainland and H-shares in Hong Kong, reflecting its dual-market investor base and focus on global capital markets.

Average Trading Volume: 22,846,629

Technical Sentiment Signal: Buy

Current Market Cap: HK$146.8B

For an in-depth examination of 1772 stock, go to TipRanks’ Overview page.