Latham & Watkins and Zhong Lun Law Firm have advised Tianqi Lithium Corporation on its $1.7 billion secondary listing in Hong Kong, with Clifford Chance and JunHe advising the joint sponsors. The IPO is Hong Kong’s largest so far in 2022.
Established in 1995, the Chengdu-headquartered, Shenzhen-listed Tianqi Lithium is a producer of lithium chemicals for electric vehicle batteries. The listing forms part of the ‘newest fundraising rush’ of Chinese firms involved in electrical automobile battery and materials productions as the country looks to boost its domestic production of these commodities, Bloomberg reported.
The CC team was led by partners Fang Liu and Xiang Tianning, while the Latham team was led by partners Howard Lam, Cathy Yeung, and Terris Tang.
