Huayou Cobalt to raise no more than RMB6.25 billion to expand business
2020-05-25 11:47:33 [Print]
Huayou Cobalt announced on May 22nd that it will raise no more than RMB6
. 25 billion (USD876,074,067) through private placement . 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.