FilingReader Intelligence
Huayou Cobalt approves project completion, funds shift, shareholder increase
April 14, 2025 at 12:23 PM UTC•By FilingReader AI
Zhejiang Huayou Cobalt [SSE:603799] announced the resolution of its 19th meeting of the Sixth Supervisory Board, approving the completion of its non-public stock offering. The company will permanently allocate surplus funds to replenish working capital. The surplus, totaling CNY 585,553,427.04 includes funds generated from cash management. This move aims to enhance the efficiency of capital utilization and lower financial costs.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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Supplementary Source Documents
Huayou Cobalt's announcement on the completion of the non-public offering of shares and the use of the remaining funds to permanently supplement working capitalApril 7, 2025 at 09:29 AM UTC
CITIC Securities Co., Ltd.'s Verification Opinion on the Completion of Zhejiang Huayou Cobalt Co., Ltd.'s Private Placement of Stocks and the Use of the Surplus Raised Funds to Supplement Working Capital PermanentlyApril 7, 2025 at 09:29 AM UTC
Huayou Cobalt's Announcement on the Progress of the Controlling Shareholder's Increase in the Company's SharesApril 8, 2025 at 03:54 AM UTC
Huayou Cobalt's Announcement on the Progress of the Controlling Shareholder's Increase in the Company's SharesApril 8, 2025 at 04:06 AM UTC
Huayou Cobalt's Announcement on the Progress of External GuaranteesApril 11, 2025 at 09:31 AM UTC
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