May 23, 2021 05:32 PM (GMT+8) · EqualOcean
Huayou cobalt announced that the company plans to purchase 38.6175% equity of Tianjin BAMO Technology Co., Ltd. (hereinafter referred to as "BAMO technology") from Hangzhou Hongyuan, with a transaction price of 1.351 billion yuan. At the same time, Huayou holdings, the controlling shareholder of the company, agreed to entrust the company with the voting rights of the 26.4047% equity representatives of BAMO technology. After the completion of the transaction, the company controls 65.0222% of the voting rights of BAMO technology, which can realize the control of BAMO technology. BAMO technology is one of the leading manufacturers of cathode materials for lithium batteries.