Ganfeng Lithium Sells 35M PLS Shares for $222M, Books $981M Pre-tax Gain

According to Ganfeng Lithium announcement on June 16, the company's subsidiary Ganfeng International sold 35,092,999 PLS ordinary shares via block trade for approximately $222 million AUD. The transaction is expected to generate cumulative pre-tax gains of about $981 million, with $353 million recorded in current period earnings. Ganfeng International retains approximately 3.27% stake in PLS following the sale.
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