Soaring Lithium Prices Lead Tianqi Lithium to Target $1 Billion in Hong Kong IPO

Tianqi Lithium readies for Hong Kong’s largest IPO in 2022 after getting green light from regulators Key Takeaways: Tianqi Lithium expects to go public in July, making it the second lithium company to be listed both in Mainland China and Hong Kong As China’s top lithium producer, it needs the money to repay debt taken on during a previous acquisition By Ken Lo Lithium prices have risen more than 100% so far in 2022, after more than quadrupling last year. And Tianqi Lithium Corp. (002466.SZ), which says it is one…

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FAST NEWS: Tat Hong Expects Full-year Profit To Be Halved

The latest: Tat Hong Equipment Service Co., Ltd. (2153.HK), a tower crane service provider, issued a profit warning on Friday, forecasting a 45% to 55% drop in net profit for the financial year ending March this year compared with the previous year. Looking up: The decline in the company’s earnings was not a result of a deterioration in the operating performance of the business, but rather the effect of accounting for the value of shares granted to counterparties in response to the contribution of senior management to the company. Take…

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Kanzhun Weathers Covid Storm, Silent on Data Security Review

China’s leading online recruitment company reported its revenue rose 43% in the first quarter, but forecast a decline in the second quarter due to Covid disruptions Key Takeaways: Kanzhun reported strong first-quarter revenue growth, but predicted it would record its first-ever revenue contraction in the second quarter due to Covid disruptions No updates were provided on a government data security review that is reportedly nearing completion and has prevented the company from registering new users for nearly a year By Doug Young The latest earnings report from Kanzhun Ltd. (BZ.US)…

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