Hong Kong-based investment firm ADM Capital, through its subsidiary Twenty Two Dragons, has invested US$50 million in a subsidiary of Chengdu Tianqi Industry Group Co. (Tianqi), a Chinese lithium products manufacturer. The investment is part of a financing package to fund Tianqi’s acquisition of Australian lithium mining company Talison Lithium. In addition to Twenty Two Dragon’s investment, Tianqi received a commitment for long-term equity financing from Leader Investment Corporation, a subsidiary of Chinese sovereign wealth fund China Investment Corporation, and loan commitments from Credit Suisse and Industrial and Commercial Bank of China.