Brief: China Bluechemical Ltd Says Units Entered Into Entrusted Management Agreement
18/01/2023 14:33
Jan 18 (Reuters) - China BlueChemical Ltd 3983.HK :
* FUDAO CHEMICAL, ORIENT PETROCHEMICAL AND CNOOC FUDAO
ENTERED
INTO ENTRUSTED MANAGEMENT AGREEMENT
* UNDER DEAL, FUDAO CHEMICAL ENTRUSTS ORIENT PETROCHEMICAL
TO
MANAGE DAILY PRODUCTION AND OPERATION OF FUDAO CHEMICAL
* FUDAO CHEMICAL SHALL PAY ENTRUSTED MANAGEMENT FEE OF RMB2
MILLION PER YEAR TO ORIENT PETROCHEMICAL
Source text for Eikon: ID:nHKS5sZKBJ
Further company coverage: 3983.HK
((Reuters.Briefs@thomsonreuters.com;))
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