Lygend Resources Boosts Subsidiary’s Capital

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

Lygend Resources & Technology Co., Ltd. has announced a substantial capital contribution to its subsidiary MJM, jointly made by HBW, Lygend’s wholly-owned subsidiary, and LSJ, in accordance with their shareholder agreements. The capital infusion increases MJM’s registered capital from IDR 67.5 billion to IDR 147.5 billion, with HBW contributing IDR 39.2 billion. This move is part of a series of connected transactions subject to regulatory reporting and review, but exempt from shareholders’ approval.

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