Lopal Tech (02465) subsidiary intends to sell 76% equity in Indonesia Phase II lithium iron phosphate cathode materials project

Zhitong Finance APP news, Lopal Tech (02465) announced that on October 22, 2026, LBM AP (an indirect non-wholly-owned subsidiary of the company) intends to sell a 76% equity interest in PT LBM Energi Baru to Kinetiq for a total consideration of US$31.92 million. Upon completion, the buyer will hold 76% of the issued shares of the target company, while the group will hold 24% of the issued shares of the target company through the seller and LBM SG.