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Lygend Resources & Technology Co., Ltd. Class H ( (HK:2245) ) has provided an announcement.
Lygend Resources & Technology Co., Ltd. has announced a series of financial transactions involving its subsidiaries and connected parties. The company has entered into multiple agreements to provide and receive financial assistance, including significant loan facilities and guarantees, to support its subsidiary KPS. These transactions are aimed at refinancing existing facilities and funding project costs, reflecting the company’s strategic financial maneuvers to strengthen its operational capabilities and market positioning. The transactions are classified as connected transactions under the Listing Rules, highlighting the intricate relationships between the company, its subsidiaries, and connected persons.
More about Lygend Resources & Technology Co., Ltd. Class H
Lygend Resources & Technology Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the resources and technology sector. It is involved in various financial and industrial activities, including providing financial assistance to its subsidiaries and engaging in connected transactions.
Average Trading Volume: 1,057,771
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.2B
Learn more about 2245 stock on TipRanks’ Stock Analysis page.