Tianqi Lithium to Raise HK$5.83 Billion via H-Share Placing and Convertible Bond Issue

Tianqi Lithium Corporation plans to raise approximately HK$5.83 billion through a placing of new H shares and a concurrent issue of zero-coupon convertible bonds due 2027. The company will issue 65,050,000 new H shares, representing about 39.6% of its existing H-share capital, to independent investors. Proceeds will support strategic development in the lithium sector, including capital expenditure and acquisition of lithium mine assets. The completion of the placing is subject to regulatory approvals. The current analyst rating for Tianqi Lithium is a Hold with a price target of HK$58.00.