Lygend Resources & Technology Co., Ltd. Class H (HK:2245) has released an update.
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Lygend Resources & Technology Co., Ltd. has entered into a connected transaction with HJR, securing a loan facility of up to USD 50 million to support its subsidiary KPS’s project development. The loan, which carries a 5% interest rate, is structured on favorable commercial terms and is expected to bolster liquidity without materially impacting the company’s financial position. This financial maneuver aligns with the company’s strategic interests and adheres to regulatory requirements.
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