Nov 10, 2022 07:54 PM

BUSINESS

China’s No. 1 Nickel Trader Gets Green Light for Hong Kong Listing

By Lu Yutong and Ding Yi

A Lygend smelting facility. Photo: Lygend

A Lygend smelting facility. Photo: Lygend

China’s biggest nickel trader has got the go-ahead to list in Hong Kong, raising funds to expand its production output as demand is set to continue growing along with sales of electric vehicles (EVs).

Lygend Resources & Technology Co. Ltd. filed an updated IPO prospectus with the Hong Kong Stock Exchange on Tuesday after getting approval from the bourse. It follows a failed attempt to list there in February.

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