Huasheng Lithium Battery: Plans to carry out foreign exchange derivatives trading business, with a total amount of not more than 40 million US dollars


2022-08-08: [Chinese Article Link]  In an announcement issued on 8 August by Lithium Liam Hua, the company intends to carry out foreign exchange derivatives trading operations with financial institutions, including banks, in types such as foreign exchange forwards, foreign exchange swaps, buy-in options and options combinations. The total amount of foreign exchange derivatives traded for the expected period of validity does not exceed US$ 40,000,000 and is valid for a period of 12 months from the date of adoption by the company's board of directors, which authorizes the management of the operation to be recycled within the limits of the limit, and the matter is within the authority of the company's board of directors to approve the matter without having to be referred to the shareholders'assembly for consideration.


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.




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Huasheng Lithium Battery: Plans to carry out foreign exchange derivatives trading business, with a total amount of not more than 40 million US dollars


2022-08-08: [Article Link]  In an announcement issued on 8 August by Lithium Liam Hua, the company intends to carry out foreign exchange derivatives trading operations with financial institutions, including banks, in types such as foreign exchange forwards, foreign exchange swaps, buy-in options and options combinations. The total amount of foreign exchange derivatives traded for the expected period of validity does not exceed US$ 40,000,000 and is valid for a period of 12 months from the date of adoption by the company's board of directors, which authorizes the management of the operation to be recycled within the limits of the limit, and the matter is within the authority of the company's board of directors to approve the matter without having to be referred to the shareholders'assembly for consideration.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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