HK Stock Market Move | Jiangsu Lopal Tech. Group (02465) rose more than 6% in the morning. The company plans to raise up to 2 billion yuan for expansion, and has already secured orders worth over 6.75 billion yuan this year.

Jiangsu Lopal Tech. Group (02465) rose more than 6% in the morning, as of the press release, it rose by 5.86% to HK$14.64, with a turnover of HK$136 million. In terms of news, Jiangsu Lopal Tech. Group recently announced that the company's application for the issuance of A-shares to specific parties in 2025 has been accepted by the Shanghai Stock Exchange. The total amount of funds raised this time will not exceed RMB 2 billion, and the net amount of funds raised after deducting relevant issuance expenses is intended to be used for the 110,000 tons high-performance lithium iron phosphate cathode material project, 85,000 tons high-performance lithium iron phosphate cathode material project, and for supplementary working capital. It is worth noting that Jiangsu Lopal Tech. Group announced earlier this month that its subsidiary, Lithium Power Asia Pacific, has signed a long-term procurement agreement. It is expected that from 2026 to 2030, Lithium Power Asia Pacific will sell a total of 106,800 tons of lithium iron phosphate cathode material that meets the agreed specifications to Sunwoda, with a total sales contract amount of RMB 4.5 billion to RMB 5.5 billion. According to statistics, Jiangsu Lopal Tech. Group has secured orders worth over RMB 67.5 billion so far this year.