China's Huayou Cobalt calls off acquisition of Shengfan Technology

Tianjin B&M Science and Technology, a subsidiary of China-based battery materials producer Huayou Cobalt, has terminated its plan to acquire compatriot battery materials producer Inner Mongolia Shengfan Technology, Huayou Cobalt said on Wednesday June 15.

On November 6, 2021, Huayou Cobalt announced that Tianjing B&M planned to acquire a 100% stake in Shengfan Technology, in a bid for Huayou Cobalt to expand its foothold in...


Zihao Li

June 15, 2022

10:34 GMT