Ganfeng Lithium, investigation closed after non-prosecution in insider trading case (7notified on 9)
Ganfeng Lithium, the world’s largest lithium producer, announced that it had been notified by the Yichun People’s Procuratorate of a non-prosecution decision in an insider trading case on 7on 9 was 2026 notified on 7on 13. The company said that, accordingly, the prosecutorial process has been concluded.
Ganfeng Lithium said it had been notified by the Yichun People’s Procuratorate of a non-prosecution decision over insider trading allegations on 2026on 7on 9 was 2026on 7on 13. The company said that this decision ended the process at the prosecutorial stage.
The case began when the Jiangxi branch of the China Securities Regulatory Commission judged in 2024on 7 that Ganfeng Lithium’s trading of ST Jangte (Jiangte) shares constituted insider trading. At the time, the CSRC imposed an administrative sanction, and the company disclosed that it had paid in full the forfeited amount and the fine, and completed related corrective measures.
Ganfeng Lithium was sent to prosecutors by the Yichun Public Security Bureau on 2024on 12on 29for suspicion of an insider trading crime, and the Yichun People’s Procuratorate notified it that, after review, it had decided not to indict. The company stated that the prosecutorial process ended with the non-prosecution decision.
Ganfeng Lithium is 2000founded in and headquartered in Xinyu, Jiangxi Province, and is dual-listed on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. The company has built vertical integration spanning lithium mine development, lithium chemical production, battery manufacturing and recycling. It holds mining stakes in places including Australia, Argentina and Mali, and produces lithium carbonate and lithium hydroxide for global electric vehicle and battery companies.
Sources: 뉴시스 경제
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