Ganfeng Lithium to Boost Capital of Wholly-Owned Subsidiary by US$600 Million for Overseas Expansion

Published: Jun 8, 2024 16:53

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On June 8, Ganfeng Lithium Industry Co., Ltd. announced that the 79th meeting of the fifth board of directors, held on June 7, 2024, had deliberated and passed the proposal on the capital increase of its wholly-owned subsidiary Ganfeng International. In order to obtain more high-quality overseas lithium resources and promote the development and construction of the company's overseas upstream resource projects, it was agreed to increase the capital of Ganfeng International Co., Ltd. with its own funds by US$600 million.

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