Huayou Cobalt to acquire shares of B&M Science and Technology at RMB1.35 billion

Huayou Cobalt announced that it will acquire 38.Asian Metal CopyrightHuayou Cobalt announced that it will acquire 38.Asian Metal Copyright6175% shares of B&M Science and Technology from Hangzhou Hongyuan at about RMB1.Asian Metal CopyrightHuayou Cobalt announced that it will acquire 38.Asian Metal Copyright35 billion (USD209.Asian Metal Copyright6175% shares of BM Science and Technology from Hangzhou Hongyuan at about RMB1.Asian Metal Copyright93 million).Asian Metal Copyright4047% shares of BM Science and Technology to Huayou Cobalt.Asian Metal Copyright From the date when the deal is finished, Huayou Holding, the holding shareholder of Huayou Cobalt, will agree to entrust its voting right and other rights related to its 26.Asian Metal Copyright BM Science and Technology mainly engages in RD, production and marketing of lithium-ion battery cathode materials with LCO and NCM containing high-nickel as its main products.Asian Metal Copyright4047% shares of B&M Science and Technology to Huayou Cobalt.Asian Metal Copyright When the voting right entrusting agreement comes into effect, Huayou Cobalt will totally control 65.Asian Metal Copyright When the voting right entrusting agreement comes into effect, Huayou Cobalt will totally control 65.Asian Metal Copyright0222% voting right of BM Science and Technology and accordingly can realize the control of the latter.Asian Metal Copyright0222% voting right of B&M Science and Technology and accordingly can realize the control of the latter.

B&M Science and Technology mainly engages in R&D, production and marketing of lithium-ion battery cathode materials with LCO and NCM (containing high-nickel) as its main products. B&M Science and Technology and the existing new energy material business of its listed company have an upstream-downstream relationship and thus the above acquisition will generate great synergy effects.

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