Tianqi Lithium Raises Capital via H-Share Placement and Convertible Bond Issue

An update from Tianqi Lithium Corp. Class H ( (HK:9696) ) is now available.

Tianqi Lithium Corporation has completed a placing of 65,050,000 new H shares under its general mandate, raising funds at a placing price of HK$45.05 per share, with net proceeds estimated at HK$44.95 per share. The transaction expands the company’s H share capital base and brings in new institutional investors, slightly diluting existing holdings while strengthening its funding position.

Concurrently, the company has issued RMB2.6 billion of U.S. dollar-settled zero coupon convertible bonds due 2027, which are convertible into about 56.5 million H shares at an initial price of HK$51.85 per share, subject to adjustments. The H shares from the placing and any conversion shares have secured listing approval in Hong Kong and the bonds have been approved for listing in Vienna, positioning Tianqi Lithium to access diversified capital markets and enhance financial flexibility for future growth in the lithium sector.

The most recent analyst rating on (HK:9696) stock is a Buy with a HK$78.00 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 its H shares listed on the Hong Kong Stock Exchange. The group operates within the new energy materials sector, supplying lithium products that are critical to battery manufacturing and the broader electric vehicle and energy storage markets.

Average Trading Volume: 6,243,905

Technical Sentiment Signal: Buy

Current Market Cap: HK$90.58B

See more data about 9696 stock on TipRanks’ Stock Analysis page.