Ann: Trading Halt, page-194

KingKong166, posted...

Only would like to comment regards of 'Huayou Cobalt', their indirectly holding agreement has been canceled, and the payment has returned to Huayou as goods (Batteriay Pack) from JRO according to below paragraph(Original and Google translated) on latest JRO ann, ane link is attached. (Page 35)

http://pdf.dfcfw.com/pdf/H2_AN201811071239299136_1.pdf

'为促进公司战略发展、满足公司及全资子公司经营发展的资金需求，公司于
2018 年 3 月 16 日与浙江华友钴业股份有限公司（以下简称“华友钴业”）签署
《投资合作框架协议》（以下简称“框架协议”），华友钴业拟通过投资公司全资
子公司香港福瑞控股有限公司（以下简称“福瑞控股”）的方式，间接持有 Altura
的股份（福瑞控股持有 Altura 公司 17.47%的股份）。根据框架协议的约定，为
促成本次投资目的的实现，华友钴业已向公司先行支付人民币壹亿元整
（￥10,000.00 万元）的诚意金。经公司于 2018 年 3 月 17 日召开的第四届董事
会第七次会议审议通过的《关于公司全资子公司股权抵押的议案》，作为该笔诚
意金的保证，董事会同意公司与华友钴业签署《股份抵押契约》，将公司持有的
福瑞控股 100%的股权质押给华友钴业。
公司已经终止与 Altura 公司的重大资产重组事项，鉴于公司收到华友钴业发
来的《通知函》，该函中提请解除双方于签订的框架协议，并提议该框架协议解
除后，公司向华友钴业支付的壹亿元人民币诚意金改为支付货款，作为公司向华
友钴业采购壹亿元人民币的磷酸铁锂电芯的货款，双方的应收款与应付款做平账
处理。同时公司因资金链断裂，无法退回现金，经与华友钴业协商，同意上述《通
知函》中提议事项，以磷酸铁锂电芯抵付该笔款项。因此公司向子公司深圳市沃
特玛电池有限公司采购 32700 5.5AH 磷酸铁锂电芯 6,092,356 个，作价 10,000.00
万元销售给华友钴业。'

'In order to promote the company's strategic development and meet the capital needs of the company and its wholly-owned subsidiaries, the company
Signed with Zhejiang Huayou Cobalt Co., Ltd. (hereinafter referred to as “Huayou Cobalt Industry” on March 16, 2018
"Investment Cooperation Framework Agreement" (hereinafter referred to as "Framework Agreement"), Huayou Cobalt intends to pass the investment company's wholly-owned
Subsidiary Hong Kong Furui Holdings Co., Ltd. (hereinafter referred to as "Furui Holdings") indirectly holds Altura
Shares (Forre Holdings holds 17.47% of Altura's shares). According to the agreement of the framework agreement,
In order to promote the realization of the purpose of sub-investment, Huayou Cobalt Co., Ltd. has paid RMB 100 million to the company.
(¥10,000.00 million) sincerity gold. The fourth director of the company held on March 17, 2018
The "Proposal on Equity Mortgage of the Company's Full-Share Subsidiary", which was reviewed and approved at the 7th meeting, as the sincerity
The guarantee of the Italian gold, the board of directors agreed that the company and Huayou Co., Ltd. signed the "shareholding mortgage", the company holds
The 100% equity of Furui Holding is pledged to Huayou Cobalt.
The company has terminated major asset restructuring with Altura, as the company received the Huayou Cobalt
The "Notice Letter", which proposes to lift the framework agreement signed by both parties and proposes a solution to the framework agreement.
After the transfer, the company paid RMB 100 million in earnest money to Huayou Cobalt to pay the purchase price.
Friends of the cobalt industry purchases 100 million yuan of lithium iron phosphate batteries, the two parties' accounts receivable and payables
deal with. At the same time, due to the break of the capital chain, the company was unable to return the cash. After consultation with Huayou Cobalt, it agreed to the above
In the matter proposed in the Letter of Understanding, the amount is paid by lithium iron phosphate batteries. Therefore, the company to the subsidiary Shenzhen City Wo
Tema Battery Co., Ltd. purchase 32700 5.5AH lithium iron phosphate battery 6,092,356, priced at 10,000.00
Ten thousand yuan sold to Huayou Cobalt.'





Meanwhile over at POSCO....





Posco starts work on building second plant for lithium-ion battery materials
Lim Chang-won Reporter Posted : 2018-11-08 15:52 Updated : 2018-11-08 15:52

[Posco Camtech]


SEOUL -- Posco Chemtech, a unit of South Korea's Posco steel group, completed its work on upgrading a plant capable of producing 24,000 tons of anode materials for lithium-ion batteries a year and broke ground for a second plant with a capacity of 50,000 tons.

Chemtech said the second plant would secure 20,000 tons of production capacity in the second half of next year and expand its capacity to 50,000 tons by 2021. The ground-breaking ceremony was held Thursday in an industrial complex in the central city of Sejong.

Posco has invested heavily in lithium-ion battery materials. In 2012, Posco ESM was established to produce cathode materials and supply them to battery makers. The steel group is building two joint ventures with China's Zhejiang Huayou Cobalt to produce precursors and cathodes.

In February, Posco agreed to purchase battery-grade lithium from Pilbara Minerals, an Australian mine developer. The two companies will jointly build a plant to produce 30,000 tons of lithium hydroxide and lithium carbonate annually from 2020.

In August, Posco signed a $280 million deal with Australia's public mining company, Galaxy Resources, to acquire its mining rights to produce lithium materials in tArgentina's Hombre Muerto saline lake.



GXY, PLS, POSCO, Huayou.... and AJM? Guess we will find out shortly....