Huayou Cobalt to raise no more than RMB6.25 billion to expand business

Huayou Cobalt announced on May 22nd that it will raise no more than RMB6.Asian Metal CopyrightHuayou Cobalt announced on May 22nd that it will raise no more than RMB6.Asian Metal Copyright25 billion (USD876,074,067) through private placement.Asian Metal Copyright25 billion USD876,074,067 through private placement.Asian Metal Copyright The net proceeds after deducting the issuance costs will be used in a nickel matter project of 45,000tpy nickel metal quantity, a project of 50,000tpy NCM precursor used in high-nickel power battery filed and the construction project of the institute in the headquarters of Huayou Cobalt with the rest to be used as supplementary working capital.
.Asian Metal Copyright The net proceeds after deducting the issuance costs will be used in a nickel matter project of 45,000tpy nickel metal quantity, a project of 50,000tpy NCM precursor used in high-nickel power battery filed and the construction project of the institute in the headquarters of Huayou Cobalt with the rest to be used as supplementary working capitalAsian Metal Copyright