Today, the Hong Kong stock $LOPAL TECH (02465.HK)$ The stock rose nearly 6% in the morning session. As of press time, it was up 5.78%, trading at HKD 14.63, with a turnover of HKD 153 million.
In terms of news, Longpan Technology recently announced that its application for a private placement of A-shares in 2025 has been accepted by the Shanghai Stock Exchange. The total amount of funds raised will not exceed RMB 2 billion, and the net proceeds after deducting related issuance expenses are intended for an 110,000-ton high-performance phosphate-based cathode material project, an 85,000-ton high-performance phosphate-based cathode material project, as well as for working capital replenishment.
Notably, Longpan Technology announced earlier this month that its indirectly controlled subsidiary, Lithium Source Asia-Pacific, signed a long-term procurement agreement. It is expected that Lithium Source Asia-Pacific will sell a total of 106,800 tons of lithium iron phosphate cathode materials meeting agreed specifications to Sunwoda between 2026 and 2030, with a total contract value ranging from RMB 4.5 billion to RMB 5.5 billion. According to statistics, since the beginning of this year, Longpan Technology has secured orders exceeding RMB 67.5 billion.
Editor/KOKO