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An announcement from Lygend Resources & Technology Co., Ltd. Class H ( (HK:2245) ) is now available.
Lygend Resources & Technology Co., Ltd. has announced two connected transactions involving engineering construction services agreements with its subsidiaries ONC and KPS on Obi Island, Indonesia. These agreements, involving construction and earthwork services, are part of the Obi Projects and have been classified as connected transactions under Hong Kong’s Listing Rules. The transactions are subject to reporting and annual review requirements but are exempt from the need for a circular or independent shareholder approval.
More about Lygend Resources & Technology Co., Ltd. Class H
Lygend Resources & Technology Co., Ltd. is a joint stock company based in the People’s Republic of China, operating in the engineering and construction services industry. The company is involved in projects such as hydrometallurgical slag intermediate test production and earthwork services, with operations notably on Obi Island in Indonesia.
YTD Price Performance: -1.84%
Average Trading Volume: 203,642
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$11.66B
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