Ganfeng Lithium completes HK$2.5bn equity and bond offering

Ganfeng Lithium Group Co. Ltd. announced the completion of its placing of 40,025,600 new H shares and the issue of HK$1,370,000,000 1.50 per cent convertible bonds due 2026. The H share placing, completed on September 2, 2025, raised approximately HK$1,171.95 million in gross proceeds at a price of HK$29.28 per H share. These H shares represent approximately 9.02% of the total H shares in issue post-allotment.

The convertible bonds, also issued on September 2, 2025, have an initial conversion price of HK$33.67 per H share. Assuming full conversion, these bonds would convert into approximately 40,689,040 H shares, representing about 9.17% of the total issued H shares. The net proceeds from the bond issue are estimated at approximately HK$1,346.14 million. The bonds were listed on the Vienna MTF.

As a result of these transactions, the total number of issued H shares increased from 403,574,080 to 443,599,680. The total issued shares of the company rose from 2,017,167,779 to 2,057,193,379. The percentage of H shares in public hands increased from approximately 20.00% to 21.56% immediately after the placing.