Ganfeng Lithium raises HK$2.5bn through shares and bonds

Ganfeng Lithium Group is placing 40 million new H shares to raise HK$1.17 billion net proceeds. The company will also issue HK$1.37 billion in 1.50% convertible bonds due 2026, with conversion price at HK$33.67 per share.

Proceeds from both fundraising efforts will support debt repayment, capacity expansion and working capital requirements.