Huayou Cobalt's private placement application approved by CSRC

Huayou Cobalt announced that it received the reply on non-public share issuance from CSRC on December 29th, indicating that CSRC approved it to issue no more than 342 million new shares.Asian Metal Copyright61 million through this private placement and will use the funds in its nickel matte project representing an annual production capacity of 45,000t of nickel, the project of LNCMO precursor material used in high-nickel power batteries with an annual production capacity of 50,000t and the construction project of the institute in its headquarters and will also be used to supplement working capitals.Asian Metal Copyright Huayou Cobalt will raise no more than RMB6.Asian Metal Copyright .Asian Metal Copyright018 billion (USD922.Asian Metal Copyright018 billion USD922.Asian Metal Copyright61 million) through this private placement and will use the funds in its nickel matte project representing an annual production capacity of 45,000t of nickel, the project of LNCMO precursor material used in high-nickel power batteries with an annual production capacity of 50,000t and the construction project of the institute in its headquarters and will also be used to supplement working capitals.
.Asian Metal Copyright018 billion USD922Asian Metal Copyright