Core Viewpoint - The recent transfer of shares in Liqin Resources (02245) indicates a strategic shift in shareholder interests, with a significant market value involved in the transaction [1] Group 1: Shareholder Activity - On October 14, Liqin Resources' shares were transferred from HSBC to CITIC Lyon Securities, with a market value of HKD 618 million, representing 4.09% of the company [1] Group 2: Production Capacity and Projects - Liqin Resources, in partnership with collaborators, is investing in nickel smelting production lines on Obi Island, Indonesia, with a planned total capacity of 120,000 tons of nickel and 14,000 tons of cobalt, with equity capacity of 69,000 tons of nickel and 8,200 tons of cobalt, expected to be fully operational by 2024 [1] - The first phase of the pyrometallurgical project has a capacity of 95,000 tons and is set to commence production in 2023, while parts of the second phase are expected to start in the first half of 2025, with full production by 2026, increasing total capacity to 280,000 tons and equity capacity to 155,000 tons, showcasing significant production flexibility [1]

Group 1 - The core point of the article highlights the transfer of shares of Liken Resources (02245) from Deutsche Bank to Huasheng Capital Securities, with a market value of HKD 543 million, representing 4.86% of the total shares [1] Group 2 - Minsheng Securities reports that Liken Resources is collaborating with partners to invest in nickel smelting production lines on Obi Island, Indonesia, with a planned wet nickel production capacity of 120,000 tons of nickel and 14,000 tons of cobalt, and an equity capacity of 69,000 tons of nickel and 8,200 tons of cobalt, expected to be fully operational by 2024 [1] - The pyrometallurgical project has a phase one capacity of 95,000 tons, which is set to commence production in 2023, while part of the phase two production lines is expected to be operational in the first half of 2025, with full production by 2026, increasing the company's total capacity to 280,000 tons and equity capacity to 155,000 tons, indicating significant production flexibility [1]