Ganfeng Lithium pockets HK$1.5bn in fresh equity

By Jonathan Breen
16 Sep 2020

Ganfeng Lithium, the world’s largest producer of lithium metals, has raised HK$1.46bn ($187.8m) from the sale of primary shares.

Ganfeng tapped investors on Tuesday, taking the opportunity to sell 40m new H-shares, equal to 3% of its enlarged share capital. The firm came to raise funds for capacity expansion, which mainly involves its offshore lithium resources projects.

It enlisted Bank of America and CLSA to market the ...

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