Lithium producer Tianqi explores asset, equity sales

Chinese lithium producer Tianqi is exploring asset or equity sales, or the possibility of bringing in new domestic or foreign investors, due to continuing problems with liquidity, it has announced.

The Shenzhen-listed firm said on Saturday April 18, however, that a final decision had yet to be taken.
Earlier in April, the company announced that it expected to report a net loss of 450-510 million yuan ($64-72 million) in the first quarter of 2020, compared with a net profit of 111.29 million yuan in the corresponding period of 2019.

Tianqi attributed the expected loss to declining...

Published

Carrie Shi

Dalila Ouerghi

April 21, 2020

12:08 GMT

Singapore, London