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Shanghai 3F New Materials Co Ltd Terminates MOU for Equity Acquisition

Friday, 4 Jan 2013 07:00pm EST 

Shanghai 3F New Materials Company Ltd announced that the Company has terminated its memorandum of understanding (MOU) signed with its subsidiary, a Changshu-based new material company, Lu Xianglong, Chen Xuezhong and Wang Guoping, which was previously announced on May 3, 2012. According to the MOU, the Company and the subsidiary would respectively acquire a 55% and a 15% stake in a Jiangsu-based chemical technology company from the individuals. 

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-0.49 -3.25%
19 Dec 2014