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09696 天齊鋰業
Listing Date2022/07/13
Listing Price82.000
  • 53.650 -0.450 (-0.832%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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Tianqi Lithium Corporation is a leading lithium producer in China and globally, and have been listed on the Shenzhen Stock Exchange since August 31, 2010 (stock code: 002466). It owns and mines lithium minerals in Australia and produce lithium compounds and derivatives in China.

One of it subsidiaries is the largest mined lithium operator globally in terms of lithium concentrate output in 2021, with a market share of 38%, and it ranked third in terms of revenue generated from lithium in 2021, according to the Wood Mackenzie Report. It operates in critical stages of the lithium value chain, including mining of lithium ore and manufacturing of lithium concentrate, and manufacturing of lithium compounds and derivatives.

The Group’s products are primarily divided into two categories, lithium concentrate products and lithium compounds and derivatives products. Its products are widely used in a number of end markets, mainly including EV, energy storage system, aircraft, ceramics and glass. It is a market leader in a number of products globally. It is the world’s second largest supplier of battery-grade lithium carbonate, and the world’s top ten supplier in battery-grade lithium hydroxide, as measured by production in 2021.

MarketHong Kong (Main Board)
Business NatureDiversified Metals & Minerals
Major Business AreaChina
Board Lot200
No. of Offer Shares164.12M H shares
No. of International Offer Shares147.71M H shares
No. of HK Offer Shares16.41M H shares
Offer Price$69.00 - $82.00
Stock Code9696
Sponsor(s)Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited
Underwriter(s)Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, BNP Paribas Securities (Asia) Limited, Credit Suisse (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Futu Securities International (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited
Application PeriodJun 30 (Thu) - noon, Jul 06 (Wed)
Price Determination DateJul 06 (Wed)
Result Announcement DateOn or before Jul 12 (Tue)
Result Announcement DateOn or before Jul 12 (Tue)
Dealings in Shares commence onJul 13, 2022. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$69.00 - $82.00
Capitalization113.24B - 134.58B
NAV / share ($)$16.55 - $17.81 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 75.5, the net proceeds raised would be HKD 12.02B, of which
73.7% : Repay the outstanding balance and related transaction fees of the SQM Indebtedness
9.7% : Fund the construction of Phase I of the Anju Plant
6.5% : Repay certain PRC domestic bank loans
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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