Our Partner Gordon Tsang was recently interviewed by Thomson Reuters Beijing to share his insights on corporate repaying debts by listing in Hong Kong in response to the article “Tianqi Lithium Ends Trading Debut Through IPO in Hong Kong, Lithium Prices Continue to Soar, How Long Will The Trend Last? (天齐锂业赴港上市还债翻身，锂价飙涨春风还能吹多久？)”.
Tianqi Lithium (002466.SZ), a Chinese battery-grade lithium carbonate producer, recently applied for a second listing in Hong Kong. It successfully raised over HKD 10 billion to ease debt pressure, making it Hong Kong’s largest IPO so far this year. Gordon shared his views with Reuters Beijing by saying that “It is usually difficult to obtain approval for fund-raising through listing to pay debts because the Hong Kong Stock Exchange may have concerns about a company’s sustainable development if most of the funds raised are not used to expand a company’s business or growth.”
For more information, please contact our Partner Gordon Tsang.