Tianqi Lithium Rolls Out $1.98 Billion Hong Kong Share Sale

Tianqi Lithium Corp. (002466.SZ), a Chinese supplier of lithium chemicals for electric vehicle batteries, plans to raise as much as HK$15.5 billion ($1.98 billion) in what’s set to be Hong Kong’s biggest share sale this year.

The Chengdu-based company, which is already traded in Shenzhen, plans to sell 164 million H shares at HK$69 to HK$82 each, 90% of which will be sold globally and 10% in Hong Kong, the company said Wednesday in a press release.