China's Tianqi Lithium files for $1 billion Hong Kong listing: sources 10:08pm EDT [Reuters]
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Source: Reuters
China's Tianqi Lithium files for $1 billion Hong Kong listing: sources | Reuters 4 Min Read HONG KONG (Reuters/IFR) - China’s Tianqi Lithium Corp ( 002466.SZ ) is looking to raise up to $1 billion in its Hong Kong stock market flotation, despite this year’s fall in lithium prices, two people close to the deal told Reuters. The company, the world’s second-largest lithium producer by sales, on Friday filed plans for Hong Kong’s second lithium listing this year. The draft prospectus was put on the Hong Kong exchange website late on Monday. Tianqi, which is based in China’s southwestern province of Sichuan and is building the world’s biggest lithium processor in Western Australia, will list on the stock market later this year, the sources told Reuters. The final deal size could be smaller than $1 billion due to a steep drop in lithium carbonate prices, said the people, who declined to be named as the deal details are not public yet. Tianqi declined to comment. On Tuesday, its shares wer
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