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Petronas Chemicals Group Bhd completes divestment of subsidiary to Asahi Glass Co Ltd and Mitsubishi Corp

Thursday, 12 Jun 2014 08:00pm EDT 

Petronas Chemicals Group Bhd:Says it has completed the agreement to divest its entire 93.11 pct interest in Phu My Plastics and Chemical Co Ltd (PMPC) to Asahi Glass Co Ltd and Mitsubishi Corporation.This is pursuant to PCG announcement made on Nov. 6, 2013.With this sale completion, PMPC ceases to be a subsidiary of PCG.PMPC employees will continue to be employed under the new owners. 

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