On August 3, GANFENGLITHIUM rose 3.04% in regular trading, trading at 37.82 HKD/share, with turnover of HKD 108 million.
On the news front, the company announced that its subsidiary GFL International completed the conversion of USD 100 million exchangeable notes issued to China-Africa Development Fund, with proceeds directed toward the Mali lithium spodumene project. The notes were originally approved for issuance in November of last year and guaranteed by the listed company. The transaction does not constitute a connected transaction or major asset restructuring.
Meanwhile, global asset manager BlackRock recently raised its H-share holdings from 8.26% to 9.26% in mid-July, reflecting sustained institutional confidence in the lithium sector leader. The company previously disclosed a strong H1 earnings outlook, projecting net profit of RMB 3.65 billion to 4.6 billion, representing a turnaround from losses.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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