Tianqi Lithium aims for $1 billion HK IPO as it looks to repay SQM debt

Chinese lithium producer Tianqi Lithium is looking to raise $1 billion in a Hong Kong listing, as it looks to capitalise on strong lithium pricing to repay $1.13 billion of debt taken on to acquire a stake in rival SQM.

The Chengdu-based producer got approval for its listing from the Hong Kong stock exchange this week, according to a notice on the exchange’s website.

The listing will help Tianqi repay the remaining debt used to fund its $4 billion purchase of a 23% stake in SQM in 2018, and also allow it to build a lithium carbonate . . .


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