trending Market Intelligence /marketintelligence/en/news-insights/trending/RJ4OyZzQFfuHgC_usu-IqA2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Tianqi Lithium to raise up to 7B yuan through placement

Blog

Essential Energy Insights - March 2021

Blog

Essential Metals & Mining Insights - March 2021

Blog

Nickel CBS March 2021 — Tsingshan's battery nickel announcement hits sentiment

Blog

Asia Pacific Markets Monthly Newsletter March 2021


Tianqi Lithium to raise up to 7B yuan through placement

China's Tianqi Lithium Corp. will launch its previously announced fundraising of up to 7 billion Chinese yuan on Dec. 17.

The offering will be completed through a placement which consists of 342,596,383 Tianqi shares priced at 8.75 yuan apiece.

Proceeds raised will be used to repay part of the bank loans it used to fund its 23.77% acquisition of Sociedad Quimica y Minera de Chile SA in 2018, the company said.

As of Dec. 12, US$1 was equivalent to 7.01 Chinese yuan.