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Tianqi Lithium Corp. Class H ( (HK:9696) ) just unveiled an announcement.
Tianqi Lithium Corp. has completed the cancellation of 26,600 repurchased A Shares, which were initially intended for employee stock ownership plans but remained unused. This cancellation, representing a minor 0.0016% of the company’s total share capital, aims to optimize the company’s capital structure and safeguard shareholder interests. The cancellation process was completed in compliance with relevant regulations and does not materially impact the company’s financial position or operations.
The most recent analyst rating on (HK:9696) stock is a Hold with a HK$42.00 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page.
More about Tianqi Lithium Corp. Class H
Tianqi Lithium Corp. is a company based in the People’s Republic of China, primarily operating in the lithium industry. It focuses on the production and supply of lithium products, which are crucial for various applications including electric vehicle batteries and energy storage solutions.
Average Trading Volume: 7,316,266
Technical Sentiment Signal: Buy
Current Market Cap: HK$80.93B
For detailed information about 9696 stock, go to TipRanks’ Stock Analysis page.