18
Jan
12:35
Tianqi scraps share issue after exchange query
Chinese lithium producer Tianqi has cancelled a proposed share issuance after Shenzen Stock Exchange queried the move, Kallanish reports.
On Friday, Tianqi Lithium filed its intention for a private share sale to the company’s controlling stakeholder, Chengdu Tianqi Industry Group. The proposal included issuing approximately 443 million company shares at a price of RMB 35.94 ($5.53) per share, resulting in funds of around RMB 15.9 billion.
The proposed price…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous