- Galan Lithium (GLN) says Ganfeng Lithium has joined the company’s share register via its subsidiary, GFL International
- GLN was notified of the transition when it received lodgement Form 604, which indicates a change in substantial holdings
- Ganfeng is China’s largest lithium compounds producer
- Galan Lithium is up 20.51 per cent on the market this afternoon, trading at 24¢ apiece
Galan Lithium (GLN) has announced Ganfeng Lithium has joined the company’s share register via its subsidiary, GFL International.
The company received Form 604 after it was lodged by Raymond Liu, the founding managing partner of Havelock Mining, a Hong Kong Investment company. GFL is a major shareholder of Havelock Mining.
Ganfeng is one of the world’s largest and China’s largest lithium compounds producer. In terms of production capacity, it is the world’s largest lithium metals producer.
In 2000, Ganfeng was founded by Li Liangbin. Li and his team transformed the company from a lithium compounds processing plant in a niche market industry into a global leader.
In 2010, it became the first listed company in China’s lithium industry on the Shenzhen Stock Exchange.
“Since then, they have started to expand upstream and downstream along the lithium industry value chain,” the company said.
“Today, they have the most complete industry value chain among all lithium producers in the world,” it added.
Galan Lithium is up 20.51 per cent on the market this afternoon, trading at 24¢ apiece at 1:26 pm AEDT.