Nanjing Hanrui Cobalt Co. Ltd. Class ASZSE: 300618

Hanrui Cobalt Plans Share Private Placement To Fund Nickel Project, Boost Capital

· Issued by Nanjing Hanrui Cobalt Co. Ltd. Class A

Nanjing Hanrui Cobalt Co Ltd SZSE:300618:

  • SAYS IT AIMS TO RAISE 2.4 BILLION YUAN ($354.77 million) IN SHARE PRIVATE PLACEMENT TO FUND ELECTROWINNING NICKEL， BATTERY-GRADE NICKEL SULFATE PROJECT, BOOST CAPITAL

  • SAYS UNIT PLANS TO INVEST 2.0 BILLION YUAN IN NICKEL PROJECT

($1 = 6.7650 Chinese yuan renminbi)