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Lygend Resources Announces Governance Changes and A-Share Offering

Story Highlights
  • Lygend Resources plans to cancel its Board of Supervisors and amend its Articles of Association.
  • The company proposes an A-share public offering on the Shenzhen Stock Exchange’s Main Board.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Lygend Resources Announces Governance Changes and A-Share Offering

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Lygend Resources & Technology Co., Ltd. Class H ( (HK:2245) ) has shared an update.

Lygend Resources & Technology Co., Ltd. has announced a series of proposals including the cancellation of its Board of Supervisors, amendments to its Articles of Association, and the initiation of an A-share public offering on the Shenzhen Stock Exchange’s Main Board. The company aims to issue new RMB ordinary shares, representing a significant portion of its share capital, to enhance its market presence and align with future development strategies. These changes are expected to streamline governance and support the company’s growth objectives, without compromising shareholder protection.

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

Lygend Resources & Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the resources and technology sector. The company focuses on the development and management of resources and related technologies, with a market focus on expanding its presence through public offerings.

Average Trading Volume: 272,481

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$14.99B

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