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Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Strong Petro (00852.HK) plans to acquire all shares of Success Plus Global for US$9 million.
On June 26th, Gelunhui announced that on June 26th, 2024, the company's direct wholly-owned subsidiary, Saint Ocean Investment Limited, as the buyer, entered into a purchase agreement with SH Energy Fund 1 as the seller. Accordingly, the buyer conditionally agreed to purchase and the Seller conditionally agreed to sell all the shares of Success Plus Global Limited, the "target company", for a price of USD 9 million. The target group is valued at about USD 9.1 million.
Express News | Strong Petrochemical - Consideration of US$9.0 Mln
Express News | Strong Petrochemical Holdings Ltd - Acquisition of Success Plus Global
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