China Securities Regulatory Commission Approves LYGEND RESOURCE (02245) for Shenzhen IPO Registration

Stock News

Aug 07

The China Securities Regulatory Commission (CSRC) issued an official approval on August 7, consenting to the initial public offering (IPO) registration of LYGEND RESOURCE (02245). The company plans to list on the main board of the Shenzhen Stock Exchange, with China International Capital Corporation (CICC) serving as its sponsor. The offering aims to raise approximately 4.04682 billion yuan.

According to the prospectus, LYGEND RESOURCE is a global leader in the nickel supply chain. During the reporting period, its core business encompasses upstream nickel resource procurement, nickel product trading, and the production and sale of nickel products. The company has deepened its presence in the nickel industry chain, starting from nickel product trading and progressively expanding downstream to establish a presence across multiple segments of the chain. Through process innovation, technological development, and localized partnerships, LYGEND RESOURCE has achieved efficient utilization of local resources, driven industrial upgrades, and provided a vital supply of key metal resources for downstream domestic industries, realizing a win-win cross-border industrial layout.

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