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Tianqi’s top shareholders selling up to 4% stake

Jan 6, 2021

Source: https://www.mining.com/tianqis-top-shareholders-selling-up-to-4-stake/

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Tianqi Lithium controls Greenbushes, the world’s biggest hard-rock lithium mine, located about 250 km from Perth, Australia. (Image courtesy of Tianqi.)

The two largest shareholders in China’s Tianqi Lithium (SHE: 002466) have agreed to sell up to 4% in the company over a six-month period this year, which could raise about $400 million to help the debt-ridden lithium miner.

Controlling investor Chengdu Tianqi Industrial Group, which holds just over 30%, will sell 51.1 million shares, or a 3.5% interest from Jan. 29. It would be the second time in less than a year that Chengdu Tianqi seeks to offload part of its stake in Tianqi, China’s top producer of the battery metal needed for electric vehicles (EVs) and high tech devices.

Original Text (This is the original text for your reference.)

Tianqi Lithium controls Greenbushes, the world’s biggest hard-rock lithium mine, located about 250 km from Perth, Australia. (Image courtesy of Tianqi.)

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