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Tianqi Lithium Corp. Class H ( (HK:9696) ) has issued an announcement.
Tianqi Lithium Corporation has approved a plan to selectively dispose of part of its long-held equity interest in Chilean lithium producer SQM, authorising management to sell up to 3,565,970 Class A shares, or no more than 1.25% of SQM’s total share capital, over the coming year, while having already sold its remaining Class B shares. The disposal, classified as a discloseable transaction under Hong Kong listing rules, will be executed at prices not lower than Tianqi’s original investment cost and according to market conditions, with flexibility to retain part of the stake or use other capital market instruments, a move that could optimise capital allocation and liquidity without immediately altering Tianqi’s position as a major SQM shareholder.
The most recent analyst rating on (HK:9696) stock is a Hold with a HK$58.00 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 new energy materials company focused on lithium, with shares listed on both the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. Its core business spans the lithium value chain, including hard rock lithium resource development, production and sales of lithium concentrates, and production and sales of lithium chemical products.
Average Trading Volume: 6,423,885
Technical Sentiment Signal: Buy
Current Market Cap: HK$98.73B
Learn more about 9696 stock on TipRanks’ Stock Analysis page.