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Ganfeng Lithium Co ( (HK:1772) ) has issued an announcement.
Ganfeng Lithium Group Co., Ltd. has completed the issuance of its 2025 first tranche science and technology innovation notes (M&A), structured as super short-term commercial papers with a tenor of 180 days and a total issuance size of RMB500 million at an interest rate of 2.33%. The proceeds will be used to replace the company’s self-owned funds previously deployed to repay merger and acquisition loans within one year, a move aimed at optimizing its debt structure, broadening financing channels and reducing financing costs, which should support its ongoing business development and M&A strategy while signaling continued access to relatively low-cost funding in China’s onshore interbank market.
The most recent analyst rating on (HK:1772) stock is a Buy with a HK$62.40 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 company operating in the lithium industry, supplying lithium products and related materials used across batteries, new energy vehicles and energy storage applications. Listed in Hong Kong, the group is an active participant in domestic and international capital markets, using onshore note and commercial paper issuance to support its expansion and merger-and-acquisition activities in the broader new energy value chain.
Average Trading Volume: 25,770,624
Technical Sentiment Signal: Buy
Current Market Cap: HK$131.1B
See more insights into 1772 stock on TipRanks’ Stock Analysis page.