Tianqi Lithium to Raise HK$5.83 Billion via H-Share Placing and Convertible Bond Issue

Tianqi Lithium Corp. Class H ( (HK:9696) ) just unveiled an announcement.

Tianqi Lithium Corporation plans to raise approximately HK$5.83 billion through a placing of new H shares and a concurrent issue of zero-coupon, U.S. dollar-settled convertible bonds due 2027, both under its existing general mandate. The company will issue 65,050,000 new H shares, representing about 39.6% of its existing H-share capital and roughly 4.0% of total issued shares, to at least six independent professional and institutional investors, while also issuing RMB2.6 billion in convertible bonds initially convertible into H shares at HK$49.56 per share. Net proceeds will be directed toward strategic development in the lithium sector, including capital expenditure for project development and optimisation, acquisition of high-quality lithium mine assets, and general working capital, underscoring Tianqi Lithium’s efforts to strengthen its resource base and market position amid ongoing demand for lithium. Completion of the placing remains subject to regulatory approvals, conditions precedent and potential termination by the placing agents, so investors are cautioned that the transactions may not proceed.

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 joint stock company operating in the lithium sector, focusing on the development, optimisation and acquisition of lithium mine assets and related projects to support its strategic growth in the global lithium supply chain.

Average Trading Volume: 6,423,885

Technical Sentiment Signal: Buy

Current Market Cap: HK$98.73B

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