Changes in Hong Kong stocks | Longpan Technology (02465) rose more than 6% in the morning. The company plans to raise up to 2 billion yuan to expand production and has already won orders of over 67.5 billion yuan during the year

The Zhitong Finance App learned that Longpan Technology (02465) rose more than 6% in the morning. As of press release, it had risen 5.86% to HK$1,464, with a turnover of HK$136 million.

According to the news, Longpan Technology recently announced that the company's application to issue A-shares to specific targets in 2025 has been accepted by the Shanghai Stock Exchange. The total amount of capital raised this time is no more than RMB 2 billion. The net amount of capital raised after deducting related issuance fees is intended to be used for 110,000 tons of high-performance phosphate cathode material projects, 85,000 tons of high-performance phosphate cathode material projects, and supplementary working capital.

It is worth noting that Longpan Technology announced at the beginning of this month that the company's holding Sun Company Lithium Source Asia Pacific signed a long-term procurement agreement. It is estimated that Lithium Source Asia Pacific will sell a total of 106,800 tons of lithium iron phosphate cathode materials that meet the specifications agreed by the parties to Sunwoda from 2026 to 2030, with a total contract sales amount of 4.5 billion to 5.5 billion yuan. According to statistics, since this year, Longpan Technology has received more than 67.5 billion yuan in orders.