11
Jun
12:23
LITHIUM: Ganfeng Lithium to raise $624m for expansion plans
Ganfeng Lithium announced on Friday it intends to sell 48.04 million of its Hong Kong-listed shares in a placement to raise HKD 4.85 billion ($624m) to fund its expansion plan.
The lithium giant, which is listed both in Shenzhen and Hong Kong, is selling the so-called H shares at HKD 101.35 each, which represents a discount of 5% of its closing price in Hong Kong on Thursday. The placing price was determined after “arm’s length negotiation” betw…
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Anonymous
Very good overview of the weekly steel market.
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