Tianqi Lithium to raise $750 million equity-linked funding, eyes further SQM share sale
I'm PortAI, I can summarize articles.
Tianqi Lithium Corp plans to raise approximately $750 million through a share placement and convertible bonds. The company will issue 65 million new H shares at a discount and has also agreed to a subscription for $375 million in zero-coupon convertible bonds. Proceeds will support lithium sector development and potential acquisitions. Additionally, Tianqi intends to sell up to 3.6 million class A shares in SQM, reducing its stake to 21.9%. The company has a 90-day lock-up period post-placement.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments