JPMorgan Chase executed a significant stake reduction in Ganfeng Lithium (01772) on July 15, according to the latest Hong Kong Exchanges and Clearing disclosures. The financial institution offloaded precisely 1,517,576 shares at HK$24.8115 per share, generating proceeds totaling approximately HK$37.6533 million. Following this transaction, JPMorgan's remaining holdings stand at around 28.2141 million shares, representing a 6.99% ownership stake in the lithium producer. This adjustment marks a notable shift in the investment bank's position within the battery materials sector leader.
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