On July 20, data from the Hong Kong Stock Exchange revealed that JPMorgan Chase & Co. increased its holdings of Tianqi Lithium Corporation (HKG: 09696) by 890,488 shares.
The transaction was executed at an average price of 31.0513 Hong Kong dollars per share, with a total value of approximately 27.65 million Hong Kong dollars.
Following this acquisition, JPMorgan's latest shareholding in Tianqi Lithium stands at approximately 26.28 million shares, representing a 11.12% stake in the company.
This move reflects the financial institution's increased exposure to the lithium sector through one of its key players.
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