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Ganfeng Lithium Co ( (HK:1772) ) has issued an announcement.
Ganfeng Lithium Group has completed the issuance of its 2026 first tranche green science and technology innovation super short-term commercial papers, raising RMB500 million at an interest rate of 2.19% with a 180-day tenor. The funds will be used to repay interest-bearing debt, replenish internal resources previously used for debt repayment, and purchase raw materials, moves that are expected to optimize the company’s debt structure, lower financing costs and support ongoing business development, while signaling continued access to domestic institutional funding channels for its growth in the lithium and new energy materials sector.
The most recent analyst rating on (HK:1772) stock is a Hold with a HK$71.00 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 China-based lithium producer focused on the development and supply of lithium products and related materials, serving the fast-growing battery and new energy industries. Listed in Hong Kong, the company operates across the lithium value chain, from resource development to processing, supporting global demand for electric vehicles and energy storage applications.
Average Trading Volume: 22,697,840
Technical Sentiment Signal: Buy
Current Market Cap: HK$160.9B
See more insights into 1772 stock on TipRanks’ Stock Analysis page.