Ganfeng Lithium Sells Part of PLS Stake, Expects Pre-Tax Gain of RMB 981 Million

Published: Jun 17, 2026 11:17

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Ganfeng Lithium announced that its wholly owned subsidiary, Ganfeng International, has sold 35.09 million ordinary shares of Pilbara Minerals (PLS) through block trades in the secondary market for approximately AUD 222 million.

Following the transaction, Ganfeng International will continue to hold approximately 3.27% of PLS's outstanding shares.

The company expects to record a cumulative pre-tax gain of approximately RMB 981 million from the sale, including an estimated pre-tax gain of about RMB 353 million to be recognized in its 2026 earnings.

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