Core Viewpoint - Likin Resources (02245) has seen a significant stock price increase of approximately 8%, currently trading at 25 HKD, following the announcement of a joint venture agreement aimed at optimizing business operations and securing tax benefits in Indonesia [1] Group 1: Joint Venture Agreement - Likin Resources announced a joint venture agreement with BBS and BMS to establish a company named BJL, with an initial investment of approximately 505 million USD [1] - The legal capital of BJL is set at 13,298.88 billion Indonesian Rupiah, with BBS holding 99.999925% and BMS holding 0.000075% of the shares [1] Group 2: Business Development and Tax Benefits - The formation of BJL is intended to align with the company's business development needs and to qualify for necessary tax incentives in Indonesia [1] - The joint venture is expected to reduce tax burdens associated with wet processing of slag, optimizing the execution of specific plans [1] Group 3: Environmental and Revenue Implications - The wet processing facility is designed to handle 1.34 million tons of HPAL smelting slag annually, along with a slag storage facility and supporting infrastructure [1] - This project aims to minimize waste and effectively utilize resources while adhering to environmental protection principles, creating new revenue streams and enhancing the company's profitability [1]

Core Viewpoint - The establishment of the joint venture BJL between BBS and BMS aims to adapt to the company's business development needs and to apply for necessary tax incentives in Indonesia, with an initial investment of approximately $505 million [1] Group 1: Joint Venture Details - BJL's initial investment amount is approximately $505 million, with a statutory capital of 13,298.88 billion Indonesian Rupiah [1] - BBS will hold 99.999925% of BJL, while BMS will hold 0.000075% [1] Group 2: Business Strategy and Benefits - The formation of BJL is intended to reduce the tax burden on the wet processing of slag, optimizing the execution plan for the company's operations [1] - The wet processing plant is expected to handle 1.34 million tons of HPAL smelting slag annually, along with a slag storage facility and supporting infrastructure [1] - The project is anticipated to create new revenue streams and enhance the company's profitability, aligning with environmental protection principles [1] Group 3: Market Context - The increasing infrastructure budget in Indonesia is expected to drive demand for HPAL smelting slag processing, further supporting the business's growth [1]

Core Viewpoint - The establishment of the joint venture BJL aims to meet the business development needs of the company and to apply for necessary tax incentives in Indonesia, with an initial investment of approximately $505 million [1] Group 1: Joint Venture Details - BJL's initial investment amount is approximately $505 million, with a statutory capital of 13,298.88 billion Indonesian Rupiah [1] - BBS will hold 99.999925% of BJL, while BMS will hold 0.000075% [1] Group 2: Business Strategy and Benefits - The formation of BJL is intended to reduce the tax burden on the wet processing of slag, optimizing the execution plan for the company's operations [1] - The wet processing plant is expected to handle 1.34 million tons of HPAL smelting slag annually, along with a slag storage facility and supporting infrastructure [1] - The project is anticipated to create new revenue streams and enhance the company's profitability, aligning with environmental protection principles [1] Group 3: Market Context - The increasing infrastructure budget in Indonesia is expected to drive demand for HPAL smelting slag processing, further supporting the business strategy [1]