Diversified Chemicals

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Kumpulan Jetson Bhd's subsidiary to dispose interest in Asian Corporation Ltd

Monday, 21 Jul 2014 08:00pm EDT

Kumpulan Jetson Bhd:Says Jetson Development (Asia) Sdn Bhd, subsidiary entered into share sale agreement with Hong Kong Oriental Rich & Force Investment Co., Ltd.To dispose 14,572,034 ordinary shares of HK$1 each in Asian Corporation Ltd (ACL), representing 60 pct of issued and paid-up share capital of ACL for disposal consideration of HK$8,500,000 (equivalent to 3,524,950 Ringgit based on exchange rate of 0.4147 Ringgit to HK$).

Evonik Industries AG plans Joint Venture in China

Monday, 14 Jul 2014 04:10am EDT

Evonik Industries AG:Says signed together with Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd., wholly owned subsidiary of GCL-Poly Energy Holdings Limited (GCL-Poly), a letter of intent to establish joint venture for production of fumed silica and ultra-pure silicon tetrachloride in China.Evonik to hold a 60 pct share in joint venture.Says plants, which to have annual capacity of over 20,000 metric tons, to be built in Xuzhou (Jiangsu Province, China) and are scheduled to start-up operation in 2016.


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