10 stories mentioning SHA:603906Updated 35d ago
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Jiangsu Lopal Tech. Group (SHA:603906, HKG:2465) said there were no undisclosed matters that would warrant an unusual movement in its stock's price, according to a Hong Kong bourse filing Wednesday.Shares of the automotive specialty chemicals seller were down nearly 6% in Thursday late morning trade.On Wednesday, its shares rose 2% at close, snapping a three-day streak of losses.
Jiangsu Lopal Tech. Group (SHA:603906, HKG:2465) raised net proceeds of HK$193.7 million from the placing of 15 million shares, according to a Monday Hong Kong bourse filing.Shares of the automotive specialty chemicals seller were down nearly 3% in Tuesday afternoon trading.The shares, representing around 1.9% of its enlarged issued share capital, were placed to at least six investors at HK$13.09 apiece.
Jiangsu Lopal Tech (SHA:603906, HKG:2465) said it was seeking to raise funds to advance its Jintan project via an equity offering, according to a Wednesday filing with the Hong Kong bourse.The company is seeking investors for 15 million shares priced HK$13.09 apiece for net proceeds of HK$193.7 million.The shares represent 12.50% and 1.93% of the company's issued H shares and total shares and 11.11% and 1.90% as enlarged by the offering, respectively.The funds are earmarked for a high-tap density lithium iron phosphate production base in Jintan, Jiangsu. Funds will also be used to repay prior borrowings.
Jiangsu Lopal Tech (SHA:603906) controlled unit LBM AP will invest about 1.09 billion yuan to build a lithium iron phosphate (LFP) cathode material plant in Indonesia.The project will have an annual production capacity of 120,000 tons of second- and third-generation lithium iron phosphate cathode materials, according to a Thursday filing with the Shanghai bourse.The 12-month construction period will start in July.Shares of the automotive specialty chemicals rose 1% in recent trade.
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.
Jiangsu Lopal Tech (SHA:603906) adjusted the proposed investment of raised funds for its cathode material projects, following lower-than-expected net proceeds from its A-share issue, according to a filing with the Shanghai bourse.The company raised 1.86 billion yuan in net proceeds, slightly below the planned 1.88 billion yuan. It will now allocate 457.9 million yuan to working capital versus the previous 480.0 million yuan..The shortfall will be covered by internal funds.
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.
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.
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.
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.
