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China Zenith Chemical Eyes Sale of 90% Interest in Unit
c zenith chem (00362.HK) plans to sell 90% equity of Heihe Longjiang Chemical
GrainSurge November 8th | C Zenith Chem (00362.HK) announced that the board of directors has approved the proposed sale of 90% equity interest in Heihe Longjiang Chemical Co., Ltd. ("Heihe Longjiang") at the meeting held on November 8, 2024. As of the date of this announcement, Heihe Longjiang is a subsidiary company indirectly holding 90% equity interest of the company. It is expected that after the completion of the possible sale, the company will no longer hold equity in Heihe Longjiang, and the financial performance of Heihe Longjiang will no longer be consolidated into the company's financial statements. As of the date of this announcement, the company is in discussions with an independent third party regarding the possible sale, and is further implementing the specific trade plan. Heihe Long
Express News | China Zenith Chemical - Board Approved Proposed Disposal of 90% Stake in Heihe Longjiang Chemical
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