Tianqi Lithium terminates private placement of RMB15.9 billion
2021-01-18 17:41:57 [Print]
Tianqi Lithium announced on January 17th that it had terminated its private placement plan in order to avoid risks of substantial short-swing trading cased by the private placement.
Tianqi Lithium announced its private placement plan on January 15th, originally planning to issue no more than 443 million shares to its controlling shareholder Tianqi Group or its wholly-owned subsidiaries at RMB35.94/share (USD5.54/share) to raise no more than RMB15.926 billion (USD2.46 billion). All the funds after deducting issuance fees were planned to repay bank loans and supplement working capitals so as to optimize the asset-liability structure, improve asset quality, reduce financial risks and improve financial status.
Tianqi Lithium announced its private placement plan on January 15th, originally planning to issue no more than 443 million shares to its controlling shareholder Tianqi Group or its wholly-owned subsidiaries at RMB35.94/share (USD5.54/share) to raise no more than RMB15.926 billion (USD2.46 billion). All the funds after deducting issuance fees were planned to repay bank loans and supplement working capitals so as to optimize the asset-liability structure, improve asset quality, reduce financial risks and improve financial status.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China lithium hydroxide monohydrate producers; suspension number statistics by province by month
Unit: pcs
