ASIA-PACIFIC

摘要

Shenzhen-listed tianoi lithium is considering pre-marketing a Hong Kong IPO as early as February. Tianqi gained approval in November from the China Securities Regulatory Commission to sell up to 328.3m shares in its Hong Kong listing. Based on the company's A-share close of Rmb29.48 last Thursday, the Hong Kong float could raise Rmb9.7bn (US$1.4bn). However, if Tianqi is selling shares at a 55% discount to its A-shares, the same as what Shenzhen-listed Ganfeng Lithium offered when it listed in Hong Kong last October, the deal will raise about US$630m.