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HKG:2465

5 stories mentioning HKG:2465

Every FINWIRES story that references HKG:2465, newest first.

Asia

Lopal Tech Plans $160 Million Indonesia Cathode Materials Project

Jiangsu Lopal Tech (SHA:603906, HKG:2465) plans to invest $160 million to build a lithium iron phosphate, or LFP, cathode materials project in Indonesia through a controlled subsidiary, according to a Wednesday Hong Kong bourse filing.The Indonesia LBM Phase 3 project will include production lines with an annual capacity of 120,000 tonnes of second- and third-generation LFP cathode materials and is expected to be located in Batang Integrated Industrial Park in Central Java.The investment will be carried out by PT LBM Energi Baru Indonesia Batang, a wholly owned subsidiary of the company's Singapore-based unit LBM New Energy (AP), and is expected to take about 12 months to complete.Shares of the automotive specialty chemicals company were up nearly 1% in Hong Kong.

HKG:2465SHA:603906
Asia

Lopal Tech Unit Attracts 440 Million Yuan Investment for Production Facility; Shares Down 3%

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said its non-wholly owned subsidiary Changzhou Liyuan attracted a 440 million yuan investment, diluting its stake in the business, according to a Monday filing with the Hong Kong bourse.Shares of the automotive specialty chemicals company fell nearly 2% in Hong Kong and 3% in Shanghai Tuesday morning.Jinsha Industrial Investment will inject fresh capital in Changzhou Liyuan, a producer of lithium iron phosphate cathode materials, in exchange for 6.83% of the business.The transaction will dilute Lopal Tech's stake to 61.88% from 66.42%, although Changzhou Liyuan will remain a Lopal Tech subsidiary and will still be consolidated in its accounts, the firm said.The funds are earmarked for a 120,000-ton high-tap density lithium iron phosphate production base in Jintan, Jiangsu.

HKG:2465SHA:603906
Asia

Lopal Tech Turns to Profit in Q1

Jiangsu Lopal Tech (SHA:603906, HKG:2465) recorded 214.3 million yuan in attributable profit for the first quarter of 2026, swinging from a loss of 25.9 million yuan a year earlier, according to a Hong Kong bourse filing Wednesday.The automotive specialty chemicals seller's Hong Kong shares fell over 4% in late morning trade Thursday.Earnings per share were 0.31 yuan, compared with a loss of 0.04 yuan in the prior year period.Operating revenue more than doubled to 3.50 billion yuan from 1.59 billion yuan in the same quarter of 2025.

HKG:2465SHA:603906
Asia

Lopal Tech to Acquire Lithium Exploration Lease in Australia

Jiangsu Lopal Tech (SHA:603906, HKG:2465) agreed to acquire a lithium exploration lease and related assets in Australia for AU$14.9 million, according to a Hong Kong bourse filing Tuesday.Shares of the automotive specialty chemicals seller gained over 1% in morning trade Wednesday.The firm is acquiring the lease from Global Lithium Resources and MB Lithium, and said the Marble Bar lithium mining project will subsequently require investments of over $200 million over a two- to three-year period to make it functional.Lopal Tech said the mine will help strengthen its strategic footprint in upstream resources, particularly in lithium iron phosphate cathode materials.Meanwhile, in a separate announcement, the firm entered into a subscription, offtake and prepayment termsheet with Global Lithium Resources and GLR Australia to support its raw material requirements.The agreement provides for the subscription of 13.8 million Global Lithium Resources shares representing 5% of the business at AU$0.52875 apiece; the supply of 40% of the actual annual production of spodumene concentrate from the Manna lithium project; and the prepayment of $75 million by Lopal Tech to secure the supply.The firm will initially prepay $7.5 million within 30 days and settle the remaining $67.5 million in four equal installments.Lopal Tech said the payment schedule may exert "certain pressure" on its periodic fund arrangements.Global Lithium Resources is due to make a final investment decision in the Manna lithium project by the end of 2026, and expects to begin shipments in June 2028.

HKG:2465SHA:603906
Asia

Jiangsu Lopal Tech Expects Q1 Profit; Shares Up 19%

Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it expects 200 million yuan to 250 million yuan in attributable profit for the first quarter of 2026, a turn around from 25.9 million yuan loss in the same quarter of 2025, according to a Hong Kong bourse filing Wednesday.Shares of the automotive specialty chemicals seller gained over 19% in late morning Hong Kong trade Thursday.Operating revenue is expected to rise 107.5% to 126% to 3.30 billion yuan to 3.60 billion yuan, the firm said.The firm attributed the turn around to a growth in its lithium iron phosphate business.

HKG:2465SHA:603906