Chengxin Lithium (SHE:002240) directors approved a capital increase of 500 million yuan in Sichuan Zhiyuan Lithium Industry from new investor Xingyin Financial Asset Investment.
Shares closed 3% higher on Monday.
Of the amount, 208.3 million yuan will be registered as paid-in capital, and 291.7 million yuan will go to the capital reserve, according to a Saturday disclosure to the Shenzhen bourse.
Following the capital increase, Zhiyuan's registered capital will rise to 833.3 million yuan.
Chengxin Lithium will still hold the majority stake at 75% while the new investor, Xingyin, will hold 25%.
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