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On October 11, Jiangxi Ganfeng Lithium Co.
, Ltd.
(Ganfeng Lithium for short) was listed on the main board of the Hong Kong Stock Exchange
.
The IPO issuance is priced at HK$16.
5 per share, and net funds raised are HK$3.
17 billion
.
The final number of this public offering is 11.
706 million shares, which is equivalent to about 5.
85% of the total number of H shares initially available for subscription.
? Ganfeng Lithium was established in 2000 and is headquartered in Xinyu High-tech Industrial Park, Jiangxi Province.
It is mainly engaged in various deep processing Research, development, production and sales of lithium products
.
The company was listed on the A-share Shenzhen Stock Exchange in 2010, becoming the first listed company in the lithium industry in China
.
? It is understood that the net proceeds from the issuance is about 3.
17 billion Hong Kong dollars (approximately 2.
79 billion yuan), of which 58% will be used for the investment and acquisition of upstream lithium resources; 22% will be used to provide financial assistance to the American lithium industry ; 10% is used for research and development, especially solid-state lithium battery research and development; 10% is used for working capital and general corporate purposes
.
, Ltd.
(Ganfeng Lithium for short) was listed on the main board of the Hong Kong Stock Exchange
.
The IPO issuance is priced at HK$16.
5 per share, and net funds raised are HK$3.
17 billion
.
The final number of this public offering is 11.
706 million shares, which is equivalent to about 5.
85% of the total number of H shares initially available for subscription.
? Ganfeng Lithium was established in 2000 and is headquartered in Xinyu High-tech Industrial Park, Jiangxi Province.
It is mainly engaged in various deep processing Research, development, production and sales of lithium products
.
The company was listed on the A-share Shenzhen Stock Exchange in 2010, becoming the first listed company in the lithium industry in China
.
? It is understood that the net proceeds from the issuance is about 3.
17 billion Hong Kong dollars (approximately 2.
79 billion yuan), of which 58% will be used for the investment and acquisition of upstream lithium resources; 22% will be used to provide financial assistance to the American lithium industry ; 10% is used for research and development, especially solid-state lithium battery research and development; 10% is used for working capital and general corporate purposes
.
