Tianqi Lithium Revises Share Placing to Raise HK$2.93 Billion for Expansion

The latest announcement is out from Tianqi Lithium Corp. Class H ( (HK:9696) ).

Tianqi Lithium amended and restated its placing and subscription agreements to issue 65,050,000 new H shares, equivalent to about 39.6% of its outstanding H share base, raising roughly HK$2.93 billion before fees under its general mandate. The proceeds will fund strategic expansion across lithium projects, including capital expenditures, mine acquisitions, and working capital, indicating an effort to strengthen its resource pipeline and maintain competitiveness amid growing electric-vehicle demand.

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 lithium chemicals producer focused on supplying battery-grade lithium materials to the global new-energy and electric vehicle industries.

Average Trading Volume: 6,382,657

Technical Sentiment Signal: Hold

Current Market Cap: HK$94.73B

For a thorough assessment of 9696 stock, go to TipRanks’ Stock Analysis page.