NBD AI Bulletin - Tianqi Lithium Corporation ("the Company", SZ 002466, close price: 59.76 yuan) announced on January 17 that the Company examined and passed the proposal of terminating the matters relating to private placement at the 14th meeting of the fifth board of directors on January 17, 2021.

On the evening of January 16, the Company received a letter of concern from the Shenzhen Stock Exchange (SSE). The bourse requires the Company to clarify whether its controlling shareholder's subscription constitutes a short-swing trading and whether such act damages interests of minority stockholders as the Company intends to raise 15.9 billion yuan through a private placement targeting its controlling shareholder, with the issuance price set at 35.94 yuan/share, far below the most recent closing price of 59.76 yuan/share.

The 2020 semi-annual report shows that Tianqi Lithium Corporation mainly engages in mineral mining and sales, chemical raw materials and chemical products manufacturing, accounting for 55.73%, 44.22% of its revenue, respectively.

Tianqi Lithium Corporation is chaired by Jiang Weiping, male, 66 years old, Chinese national, with a bachelor's degree, senior economist. 

Tips on "Stock Trends":

1. The number of shares held by northbound investors decreased by 39.9244 million in the past 30 days, representing 2.7% of the Company's circulating shares. 

2. One batch of institutions (35 in total) conducted research on the Company in the past 30 days. 

(By Lan Suying)

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