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TIANQI LITHIUM Places Shrs at 9% Discount & Proposes Zero-Coupon Convertible Bond Issuance, Netting ~HKD5.83B
TIANQI LITHIUM (09696.HK) announced plans to place 65.05 million new H-shares at a placement price of HKD45.05 per share, a discount of around 9% to the previous closing price of H...
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TIANQI LITHIUM Places Shrs at 9% Discount & Proposes Zero-Coupon Convertible Bond Issuance, Netting ~HKD5.83B
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TIANQI LITHIUM (09696.HK)  -0.560 (-1.269%)    Short selling $3.32M; Ratio 11.125%   announced plans to place 65.05 million new H-shares at a placement price of HKD45.05 per share, a discount of around 9% to the previous closing price of HKD49.5 per share.

In addition, TIANQI LITHIUM intends to issue USD-settled zero-coupon convertible bonds due 2027 under a general mandate. With a total principal amount of RMB2.6 billion and an issue price of 100.5% of the bond's principal amount, these bonds can be converted into H-shares under the terms and conditions specified at an initial conversion price of HKD49.56 per share, a premium of around 0.1% over the previous closing price of HKD49.5 per share.

Full conversion at the initial conversion price will result in around 59.0918 million conversion shares, accounting for 3.48% of the total issued shares as enlarged by the issuance of conversion shares. The net proceeds from the share placement and convertible bond issuance are expected to reach nearly HKD5.829 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-20 12:25.)

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