On 11 October 2018, Ganfeng Lithium Co., Ltd. (hereinafter referred to as "issuer" or "Ganfeng Lithium") completed the initial public offering of overseas listed foreign shares (H shares) and listed on the main board of The Stock Exchange of Hong Kong Limited, became the first "A+H" synchronous listed company in China's lithium industry. As the PRC legal advisor of the issuer, Llinks provided legal services for Ganfeng Lithium's H shares issuing and listing.
Ganfeng Lithium was established in 2000, and became the first listed company in China's lithium industry in 2010, when it made an initial public offering of A shares and was listed on the Shenzhen Stock Exchange. Ganfeng Lithium is the China's largest and world's third-largest lithium compounds producer and the world's largest lithium metals producer, it offers five major categories of more than forty lithium compounds and metals products and it's one of the most comprehensive product offerings among the lithium compounds and metals suppliers in the world, its products are widely used in a number of application areas particularly in the manufacturing of electric vehicles, chemicals and pharmaceuticals products.
The number of offer shares under the global offering of Ganfeng Lithium is 200,185,800 H shares (before exercising of the over-allotment) and the offer price is HK$16.50 per H share. China Structural Reform Fund Corporation Limited, LG Chem, Ltd., Samsung SDI Co., Ltd., Dongfeng Asset Management Co., Ltd., First Automotive Works Equity Investment (Tianjin) Company Limited and Khorgos Haibangcaizhi Equity Investment Partnership (Limited Partnership) subscribing for Ganfeng Lithium's H shares as the cornerstone investors. Ganfeng Lithium intends to use the majority of the proceeds from the global offering of H shares to fund the investment in and acquisition of upstream lithium resources and expand its production capacity for lithium compounds, lithium metals, lithium batteries and lithium recycling. The issuing and listing of H shares will provide new impetus for the development of Ganfeng Lithium, assist Ganfeng Lithium in creating an international first-class enterprise with upstream and downstream integration, and open a new chapter in the development of Ganfeng Lithium.
By virtue of professional and efficient services and the recognition given by partners and other intermediary teams, Llinks has been providing professional legal services for multiple capital market projects of Ganfeng Lithium. Assisting in the issuing and listing of Ganfeng Lithium's H shares is another representative project that Llinks insists on accompanying partners to grow together with trusted professional services.
