Asia
Correction: Lygend Resources Targets 3.67 Billion Yuan From Shenzhen IPO
(Corrects the Shenzhen ticker)Lygend Resources & Technology (SHE:001246, HKG:2245) has priced its planned initial public offering on the Shenzhen Stock Exchange, seeking to raise up to 3.67 billion yuan in gross proceeds, according to a Wednesday filing with the Hong Kong bourse.The nickel products trader will issue 172.9 million new A Shares at 21.23 yuan per share. The shares will account for 10% of its share capital post issuance.Proceeds from the IPO will be used for a wet-process slag resource utilization project and a mixed hydroxide precipitate refining project.
HKG:2245SHE:001246
