Tianqi Lithium finishes raising funds by issuing shares
2019-12-26 17:57:56 [Print]
Tianqi Lithium announced on the evening of December 25th that it has raised about RMB3 billion (USD42.93 million) by issuing shares and all the funds will be used to repay bank loans.
According to the Instruction for Issuing Shares released before, all the funds will be used to repay bank loans and thus will be conducive to reducing its financial expenses and enhancing its profitability.
The main reason for the company to issue shares and raise funds is that it saw high financial costs as it purchased 23.77% shares of SQM at USD3.5 billion in 2018.
According to the Instruction for Issuing Shares released before, all the funds will be used to repay bank loans and thus will be conducive to reducing its financial expenses and enhancing its profitability.
The main reason for the company to issue shares and raise funds is that it saw high financial costs as it purchased 23.77% shares of SQM at USD3.5 billion in 2018.
Lithium Hydroxide Monohydrate LiOH 56.5%min, Magnets 0.0001%max Delivered China
Unit:RMB/mt
China lithium hydroxide monohydrate producers; inventory to production ratio statistics by province by month
Unit: %
