zhejiang huayou cobalt (603799.SH): intends to use idle funds not exceeding 0.4 billion yuan for cash management.

On November 25, Gelonghui reported that Zhejiang Huayou Cobalt (603799.SH) announced that, under the premise of ensuring the construction and use of raised funds projects, the company and its subsidiaries will use a maximum balance of no more than 0.4 billion yuan of idle raised funds for cash management at any point in time. Within the above time limit and quota, the funds can be used in a rolling manner. After cash management using idle raised funds expires, the funds will be promptly returned to the special account for raised funds.

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