Stock Track | Ganfeng Lithium Shares Soar Nearly 13% on New Investment Plans

Stock Track
2024/09/27

Shares of Ganfeng Lithium Group Co Ltd (SHE:002460, HKG:1772) surged nearly 13% on Thursday, as the lithium company announced plans to make significant investments in new energy and recycling ventures.

The stock closed at HK$35.20, up 12.99% from the previous day, following the company's disclosures on the Shenzhen Stock Exchange. Ganfeng Lithium's strong performance came amid a broader rally in Chinese stocks, with the Shanghai Composite Index climbing 2.9% on Friday.

In a key development, Ganfeng Lithium revealed plans to invest 367.5 million yuan ($51.5 million) in the Nanchang New Energy Technology Industry Investment Fund, securing a 24.5% stake in the 1.5 billion yuan ($210 million) fund. The fund will focus on investing in asset management and other activities related to private equity funds in the new energy technology sector.

Additionally, the company announced plans to establish a 100 million yuan ($14 million) joint venture called Nanjing Public Utilities Ganfeng Recycling Technology, which will recycle used power batteries for new energy vehicles. Ganfeng Lithium will own a 40% stake in the venture, with Nanjing Public Development and Nanjing Environment Group holding the remaining shares.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10