Lygend Resources & Technology Co., Ltd. Class H (HK:2245) has released an update.
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Lygend Resources & Technology Co., Ltd. has announced the creation of a joint venture (JV) company with an Indonesian partner, TBP, with a total investment of USD 60 million. The JV will have an authorized capital of USD 2.56 million, with shares distributed 60% to HBW and 40% to TBP. This strategic move aims to enhance the company’s operational activities in Indonesia and adheres to the local laws and the Listing Rules of the Hong Kong Stock Exchange.
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