Tianqi Lithium Plans RMB6 Billion Debt Issuance to Strengthen Financial Structure

TipRanks Cyber Monday Sale Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off An announcement from Tianqi Lithium Corp. Class H ( (HK:9696) ) is now available. Tianqi Lithium Corporation has announced its proposal to register and issue debt financing instruments in the People’s Republic of China, with a total amount not exceeding RMB6 billion. This initiative aims to optimize the company’s debt structure, enhance cash flow stability, and support its operational and capital needs. The issuance will be conducted in tranches based on actual funding requirements and market conditions, with proceeds used for working capital, debt repayment, and other lawful purposes. The proposal is subject to shareholder approval at an upcoming extraordinary general meeting. The most recent analyst rating on (HK:9696) stock is a Sell with a HK$24.50 price target. To see the full list of analyst forecasts on Tianqi Lithium Corp. Class H stock, see the HK:9696 Stock Forecast page. More about Tianqi Lithium Corp. Class H Tianqi Lithium Corporation is a joint stock limited company incorporated in the People’s Republic of China. It operates in the lithium industry, focusing on the production and supply of lithium compounds and derivatives, which are essential for various applications including batteries for electric vehicles and energy storage systems. Average Trading Volume: 7,081,709 Technical Sentiment Signal: Buy Current Market Cap: HK$90.76B Find detailed analytics on 9696 stock on TipRanks’ Stock Analysis page.