According to Zhitong Finance App, Longpan Technology (02465.HK) announced that on October 22, 2026, LBM AP (an indirect non-wholly-owned subsidiary of the company) plans to sell 76% of PT LBM Energi Baru's shares to KinetiQ at a total cost of US$31.92 million. Upon completion, the buyer will hold 76% of the target company's issued shares, while the group will hold 24% of the target company's issued shares through the seller and LBM SG.

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