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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About SIX
SIX serves the Swiss and Spanish financial centers and a broad international client base, offering stable and efficient infrastructure services. SIX operates stock exchanges and provides services in securities, financial information as well as the payments business. The company is owned by its users (about 120 financial institutions). With over 4,400 employees and a presence in 20 countries, SIX generated operating income of CHF 1.6 billion and EBITDA of CHF 443.7 million in 2024.
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