Luda Technology signs deals to supply 440K tonnes of Mongolian coal

Luda Technology Group Limited signed agreements to supply 440,000 metric tons of Mongolian thermal coal to two Chinese customers over one year. Each customer commitment is 220,000 metric tons, split into 20,000 metric tons by November 30, 2026, and 200,000 metric tons by October 14, 2027. Pricing is not fixed; it depends on market conditions confirmed before each batch shipment, establishing a flexible but non-committed revenue model. Chairman Ma Biu stated the move aims to diversify revenue streams beyond core steel flanges and fittings operations. Luda plans to evaluate expansion into fluorspar, tungsten, iron ore, and copper products, pending market demand and regulatory considerations.

Luda Technology signs MoU for $14M fluorspar mining acquisition

Luda Technology Group signs non-binding MoU with Chuluut-International LLC. Proposed acquisition covers 100% of mining rights in Jonsh Tolgoi fluorspar project. Indicative cash consideration set at US$14.0 million, subject to revision. Transaction contingent on Mongolian regulatory approvals and due diligence.

Luda Technology subsidiary secures $17.8M steel supply contract

Luda Technology subsidiary Shenzhen Mayi signed a one-year steel supply deal. Contract ceiling value is approximately $17.8 million (RMB120 million). Products include rebar, wire rod, and steel pipe fittings. CEO Ma Biu cites milestone for supply-chain capabilities.

Luda Technology files $30m mixed shelf offering for shares and warrants

Luda Technology Group filed a mixed shelf registration with the SEC for $30 million in securities. The offering includes ordinary shares, warrants, units, and rights, providing the company with flexible capital raising options for general corporate purposes.

Luda Technology shares rise 9% on RMB1.6B Yulong Island deal

Luda Technology Group Limited reported a 9.34% stock increase to $4.50 following the announcement of a RMB1.6 billion sales blanket agreement with Shandong Yulong Petrochemical Company, Limited. The contract covers pipeline fittings for the Yulong Island Refining and Chemical Integration Project, expanding on prior flange supply tenders and signaling strong client confidence in the company’s technical capabilities.

Luda Technology appoints Dyna Segmen as agent in Kazakhstan

Luda Technology Group Limited appointed Dyna Segmen Ltd. as its authorized non-exclusive agent in Kazakhstan to expand its international sales network and evaluate future opportunities in the data centre infrastructure sector. The collaboration will focus on promoting and distributing pipeline products and related solutions in Kazakhstan, targeting energy, oil and gas, petrochemicals, utilities, and infrastructure sectors. This strategic move aims to strengthen Luda Technology's presence in Central Asia and position the company for potential future data centre-related projects.