Ganfeng Lithium Co (HK:1772) has released an update.
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Ganfeng Lithium Group Co., Ltd. has recently approved derivatives trading with its own funds, including options and forwards, as part of a strategic move to protect its share value. The company’s subsidiary, GFL International, has entered into an Equity Collar Transaction Agreement with Morgan Stanley and Merrill Lynch International to secure the share value of Pilbara Minerals Limited shares it holds. This financial maneuver involves pledging shares and simultaneously obtaining a put option to ensure the principal’s repayment.
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