Lygend Refines Indonesian Project Structure With New US$505 Million Joint Venture BJL

The latest update is out from Lygend Resources & Technology Co., Ltd. Class H ( (HK:2245) ).

Lygend Resources & Technology has moved to refine the corporate and tax structure of its Indonesian hydrometallurgical slag treatment project through the creation of a new joint venture vehicle, BJL, under a shareholders’ agreement between its connected subsidiary BBS and its wholly owned unit BMS. BJL will have an initial investment of about US$505 million and authorised share capital of IDR1.33 trillion, with BBS holding 99.999925% and BMS 0.000075%, a structure designed chiefly to secure Indonesian tax incentives and reduce the project’s long-term tax burden. As the joint venture involves connected parties aligned with substantial shareholder Ms. Lim, it is treated as a connected transaction under Hong Kong listing rules, though the board stresses that BJL largely mirrors the previously approved BBS framework, representing an implementation refinement rather than a material change to the project’s core economics, governance or overall structure, and is viewed as beneficial to shareholders by optimising future returns from the Indonesian operation.

The most recent analyst rating on (HK:2245) stock is a Buy with a HK$27.00 price target. To see the full list of analyst forecasts on Lygend Resources & Technology Co., Ltd. Class H stock, see the HK:2245 Stock Forecast page.

More about Lygend Resources & Technology Co., Ltd. Class H

Lygend Resources & Technology Co., Ltd. is a PRC-incorporated resources and technology company listed in Hong Kong, with operations that include hydrometallurgical slag treatment and related resource-processing projects, and a growing strategic focus on Indonesian operations supported by tax-incentive structures for large-scale investments.

Average Trading Volume: 5,007,207

Technical Sentiment Signal: Buy

Current Market Cap: HK$38.96B

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