09696 天齊鋰業
TIANQI LITHIUM
TIANQI LITHIUM
| Listing Date | 2022/07/13 |
| Listing Price | 82.000 |
Quote
Subscription Result
- Subscription Rate9.30x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 164.12M H shares |
| No. of International Offer Shares | 147.71M H shares |
| No. of HK Offer Shares | 16.41M H shares |
| Offer Price | $69.00 - $82.00 |
| Stock Code | 9696 |
| 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 |
TIME TABLE
| Application Period | Jun 30 (Thu) - noon, Jul 06 (Wed) |
| Price Determination Date | Jul 06 (Wed) |
| Result Announcement Date | On or before Jul 12 (Tue) |
| Result Announcement Date | On or before Jul 12 (Tue) |
| Dealings in Shares commence on | Jul 13, 2022. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $69.00 - $82.00 |
| Capitalization | 113.24B - 134.58B |
| NAV / share ($) | $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
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).