Lygend Resources & Technology Co., Ltd. Class H (HK:2245) has released an update.
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Lygend Resources & Technology Co., Ltd. is navigating complex financial maneuvers involving connected transactions as it secures a significant USD250 million loan facility. The company plans to provide financial assistance to its subsidiary KPS through guarantees and share pledges while also receiving financial support from TBP. These transactions are subject to regulatory approvals and compliance with Hong Kong’s Listing Rules, reflecting Lygend’s strategic financial structuring to fortify its market position.
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