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31 May
09:49

Huayou's B&M to invest in LGBCM

Shanghai-listed manufacturing company Zhejiang Huayou Cobalt recently announced an investment plan involving the South Korean battery giant LG.  According to Huayou's announcement released on 31 May, Tianjin B&M Science and Technology, its holding subsidiary, will spend about KRW 51.41 billion ($41.52 million) to buy 10,281,218 shares in LGBCM, a newly-established wholly-owned subsidiary of LG Chemical. After this trade deal, Tianj…
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