Ganfeng Lithium Hong Kong shares climb on expecting gain from trimming PLS stake

Pls

17/06/2026 08:23

** Hong Kong shares of Ganfeng Lithium Group  1772.HK  climb
4.8% to HK$63.45, highest since June 1
    ** Stock on track for the biggest one-day pct gain since
June 11
    ** Shenzhen-listed stock  002460.SZ  gains as much as 2.8%
** China-based lithium and lithium battery products producer
said its unit sold 35.09 mln PLS Group  PLS.AX  shares for A$
222 mln ($156.67 mln), reducing the unit's stake in PLS to 3.27%
from 4.36%   
    ** Co estimates to record 980 mln yuan ($145.05 mln) gain
from the disposal 
    ** YTD, Hong Kong stock up 16.8%, Shenzhen-listed shares up
13.4%, while benchmark Hang Seng Index  .HSI  down 5.1%
     
     
     
     
    ($1 = 1.4170 Australian dollars)
     
    ($1 = 6.7562 Chinese yuan renminbi)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))