China Lithium Giant Expects to Access Funds, Warns of Asset Sale
- Tianqi says it can fund operations for next 12 months
- Co. seeks to improve liquidity; still in talks with creditors
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Tianqi Lithium Corp., which is facing a liquidity crunch after buying a stake in a rival, said it expects to obtain sufficient funds to support its operating needs for the next 12 months.
The company said it plans measures to improve liquidity, but also warned there’s still a possibility it will need to sell some assets under unfavorable circumstances to repay debt, according to a filing to the Shenzhen stock exchange on Sunday.