Ganfeng Lithium (HKG:1772, SHE:002460) said a fund it subscribed to completed the filing of its private securities investment fund with the Asset Management Association of China, according to a Shenzhen bourse filing over the weekend.
The lithium company's Hong Kong shares slumped 3%, while Shenzhen shares fell 2% during Monday's morning trade.
The company, through a subsidiary, owns 45.9% of the Gongqingcheng Ganfeng Tiantai Venture Capital Partnership (Limited Partnership) after subscribing 100 million yuan into its capital.