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Huayou Cobalt: Plans to sell 25% stake in BCM for $121 million, expected to generate approximately 473 million yuan in investment income.
Jin10 data reported on September 8 that Huayou Cobalt announced it plans to transfer 25% of its stake (corresponding to 13,113,798 shares) in the associate company LG-HYBCM Co., Ltd. to TOYOTA TSUSHO CORPORATION, with a transaction amount of 121 million USD (approximately 861,265,000 RMB). This transaction is expected to generate an investment return of about 473 million RMB. After the transaction is completed, the company's equity ratio in BCM will change from 49% to 24%.