Lygend Resources subsidiary buys portal cranes from Ningbo Lihua for $10.75M

Lygend Resources & Technology Co., Ltd. announced a connected transaction where its Indonesian subsidiary PT Karunia Permai Sentosa will purchase five portal cranes from Ningbo Lihua Port Machinery Heavy Industry Co., Ltd. for US$10.75 million. The cranes will be delivered by 31 August 2025 to Obi Island, Indonesia.

“This agreement, signed on 28 March 2025, will see Lygend’s Indonesian subsidiary acquire five portal cranes as part of its expansion plans.”petromindo.com

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• petromindo.comLygend Resources signs equipment purchase agreement with Ningbo Lihua - Lygend Resources signs equipment purchase agreement with Ningbo LihuaMar 29, 2025

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