Hundreds of billions of giant Tianqi lithium industry is also short of money? It is proposed to issue H-share financing for capacity expansion, etc.

On September 14, Capital State learned that hundreds of billions of lithium giant Tianqi Lithium Industry announced a significant H-share offering financing plan yesterday night.

The company announced that the board of directors examined and passed the relevant motion and announced the work plan to launch the issuance of H shares and listing on the main board of the Stock Exchange of Hong Kong.

Tianqi Lithium Industry said that on the premise of meeting the regulatory regulations such as the minimum issuance ratio of the company's shares listed, and combined with the capital requirements of the company's future business development, the number of H shares to be issued this time shall not exceed 20% of the total share capital of the company after the issue (before the exercise of the over-allotment right) or the minimum issuance ratio of the company's shares listed (whichever is the higher). And grant the lead underwriter an over-allotment option of not more than 15% of the H shares issued above.

With regard to the purpose of raising funds, Tianqi Lithium said that the funds raised from the H-share offering, after deducting the cost of the offering, would be used for the following projects, including but not limited to: existing debt repayment, capacity expansion and replenishment of working capital.

It is understood that Tianqi lithium industry belongs to non-ferrous metal smelting and Calendering processing, business scope: main: manufacturing, sales: battery-grade lithium carbonate, industrial lithium carbonate and its lithium series products, other chemical products (except national special regulations). Concurrently: engaged in the export business of battery-grade lithium carbonate, industrial-grade lithium carbonate and their lithium series products produced by enterprises; the processing business of ores (excluding coal, rare and precious metals) and lithium series products.

Xia Juncheng, president of Tianqi Lithium Industry, said that H-share issuance financing is of great significance to the future development of the company, benefiting from the rapid development of the downstream market and strong demand for the company's products. H-share issuance financing is conducive to the company to seize industry opportunities and further develop its core business.

It is worth noting that the lithium industry is getting more and more attention from the market, and the strong demand in the industry attracts many companies'in-depth layout.

Ningde Times announced last night that it plans to invest in the construction of a new lithium battery manufacturing base (Yichun) in Yichun City, Jiangxi Province, with a total investment of no more than 13.5 billion yuan.

In the future, if the H-share issue financing is successful, it is expected to continue to promote the capacity expansion of Tianqi lithium industry, optimize the industry layout and enhance the company's competitiveness.