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The latest update is out from Tianqi Lithium Corp. Class H ( (HK:9696) ).
Tianqi Lithium has reported that its major investee SQM has completed the strategic partnership merger with Chile’s state-owned Codelco, renaming the joint venture SQM Salar as Nova Andino Litio SpA and putting into effect new share preference and dividend rights from 1 January 2025, although the transaction remains subject to a resolutory condition tied to a pending Supreme Court appeal filed by Tianqi’s wholly owned subsidiary in Chile. The company said the new partnership framework is expected to affect the investment income and dividend entitlements derived from its SQM stake once reflected in SQM’s 2025 financial statements, but it currently cannot quantify the impact, maintains that its existing impairment assumptions and equity-accounting treatment for SQM remain unchanged, and warned that failure of the transaction and a lack of new quotas could severely curtail SQM’s Atacama lithium operations and negatively affect Tianqi’s returns, prompting it to closely monitor developments and adjust risk controls to protect shareholders’ interests.
The most recent analyst rating on (HK:9696) stock is a Hold with a HK$49.00 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 Corporation is a Chinese joint stock company focused on the lithium industry, with a core business spanning lithium resource development, processing and related downstream applications. Through a significant long‑term equity stake in Chilean producer SQM, Tianqi is deeply exposed to the global lithium market and the strategic Salar de Atacama resource, making the performance and structural arrangements of SQM a key driver of its investment returns.
Average Trading Volume: 6,982,670
Technical Sentiment Signal: Buy
Current Market Cap: HK$103.6B
See more data about 9696 stock on TipRanks’ Stock Analysis page.