Ganfeng Lithium (01772) Sells 32.19 Million Ordinary Shares of PLS Group Ltd

Stock News01-29

In January 2026, the company's wholly-owned subsidiary, GFL International Co., Ltd. (hereinafter referred to as "Ganfeng International"), sold 32.19 million ordinary shares of PLS Group Ltd (formerly known as Pilbara Minerals Limited, stock code: PLS, hereinafter referred to as "PLS") through a block trade on the secondary market. The total proceeds from the sale (after deducting transaction fees and other expenses) amounted to approximately A$160 million. Following this divestment, Ganfeng International still holds 140,494,971 ordinary shares of PLS (including the portion related to the collar option transaction), representing approximately 4.36% of PLS's total issued ordinary shares as of the current date.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment