Chinese Company Zhejiang Huayou Cobalt Lists Its GDRs on SIX Swiss Exchange

Today, Zhejiang Huayou Cobalt (Ticker “HUAYO”) becomes the sixth company to list Global Depository Receipts (GDRs) on SIX Swiss Exchange in 2023.

Chinese Company Zhejiang Huayou Cobalt Lists Its GDRs on SIX Swiss Exchange
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Zhejiang Huayou Cobalt Co., Ltd. placed 50,000,000 GDRs at an offer price of USD 11.65 per GDR, with one (1) GDR representing an interest in two (2) A-shares of the company. The A-shares of the company are listed on the Shanghai Stock Exchange. Zhejiang Huayou Cobalt Co., Ltd. raised gross proceeds of approximately USD 582.5 million from the GDRs offering.

Zhejiang Huayou Cobalt Co., Ltd.  is a global technology-driven enterprise in the lithium-ion battery material industry. It has a vertically integrated business model covering all steps along the value chain of the industry, starting from development of resources (i.e., nickel, cobalt and lithium) to the manufacture of lithium-ion battery materials.

More information about Zhejiang Huayou Cobalt Co., Ltd.

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SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
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