China Tianqi Lithium IPO in Hong Kong Closes Flat on Day 1 at $28 Billion Value, Billionaire Founder Jiang Weiping & Family Fortune Around $9 Billion
14th July 2022 | Hong Kong
Tianqi Lithium (China lithium chemicals supplier for electric car) has IPO on Hong Kong Exchange, (13/7/22) closing flat on Day 1 at HKD 82 with market value of around $28 billion and billionaire founder Jiang Weiping & family fortune estimated at around $9 billion. The IPO raised $1.7 billion. Tianqi Group was founded in 2003 by Jiang Weiping, acquiring Shehong Lithium Compounds Factory through Tianqi Group in 2004 and founded Tianqi Lithium. (IPO ~ Initial Public Offering)
” China Tianqi Lithium IPO in Hong Kong Closes Flat on Day 1 at $28 Billion Value, Billionaire Founder Jiang Weiping & Family Fortune Around $9 Billion “
Tianqi Lithium
Listed on the Shenzhen Stock Exchange (stock code: SZ.002466), Tianqi Lithium is a global new energy materials company, with lithium at its core. Tianqi Lithium has world leading positions in its major businesses of lithium resource investment, lithium concentrate extraction and the production of advanced lithium specialty compounds. With resource and production assets located in the pre-eminent lithium regions of Australia, Chile and China, our fully vertical-integrated businesses ensure the Company is optimally positioned to partner with our international customers to support the long-term sustainable development of lithium-ion battery technologies for application in the electric vehicle and energy storage industries.
Founder & Chairman of the Board
Mr. Jiang has more than 20 years of experience in the lithium industry. He started his own business in 1997 before founding the Tianqi Group in 2003 and acting as the Group’s Chairman. He acquired Shehong Lithium Compounds Factory through Tianqi Group in 2004 and founded Tianqi Lithium on this basis. Since December 2007, Mr. Jiang has acted as the Chairman of Tianqi Lithium. He is fully responsible for the company’s strategic planning, strategic decision-making and business development. He is also the NPC deputy, Executive Vice President of the Lithium Branch of the China Nonferrous Metals Industry Association, Vice President of The Listed Companies Association of Sichuan, and the economic development consultant of the Suining Municipal Government.
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