Huayou Cobalt: Plans to jointly invest with the controlling shareholder to build the Huayou Group headquarters technology building

People’s Finance News, April 7: On April 7, Huayou Cobalt Industry (603799) announced that the company plans to sign a “Cooperative Construction Agreement” with its controlling shareholder, Huayou Holdings. Both parties plan to jointly invest in and build the Huayou Group headquarters technology building. The company plans to contribute RMB 958 million to cooperate with Huayou Holdings in the project construction. After completion of the project, the company and Huayou Holdings will divide ownership rights in accordance with the proportions of 64.6% and 35.4%, respectively, and separately办理 real estate ownership certificates.

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