China Lygend Prices Shenzhen Share Sale
Chinese nickel provider Lygend Resources has priced its proposed share sale in Shenzhen at 21.23 yuan per share to raise approximately 547 million dollars. The transaction will make the Hong Kong-listed firm a dual-listed company.
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LYGEND RESOURCES & TECHNOL-H aims to raise $547.21 million via a Shenzhen share sale, pricing its offering at 21.23 yuan per share. The move follows the nickel provider's Hong Kong listing in December 2022. Accessing mainland capital pools will help fund upcoming recycling and refining facilities.
