Ganfeng Lithium has unveiled plans to raise HK$2.54 billion through a combination of share placement and convertible bond issuance. Specifically, the company intends to place 40 million H shares at HK$29.28 per share, a move expected to generate HK$1.17 billion. Notably, the placement price is set at a 5.49% discount to the previous day's closing price. Furthermore, Ganfeng Lithium plans to issue HK$1.37 billion worth of 1.5% convertible bonds, maturing in 2026, with an initial conversion price of HK$33.67, marking an 8.68% premium over the closing price. The proceeds from these transactions will be allocated towards repaying loans, expanding production capacity, and supplementing working capital, among other strategic initiatives.