Brief: Xinyang Maojian Group Says Updates On Unit's Deal To Buy Beijing Yaolai Longwei Wine

China Zenith Chemical

18/05/2021 15:32

May 18 (Reuters) - Xinyang Maojian Group Ltd  0362.HK :
    * UPDATES ON UNIT'S DEAL TO BUY BEIJING YAOLAI LONGWEI WINE
CO LTD
    * GROUP'S EXISTING CHEMICAL BUSINESS EXPECTED TO SUSTAIN ITS
PERFORMANCE IN FORESEEABLE FUTURE
    * DUE TO DIFFICULTY FULFILLING CONDITIONS IN AGREEMENT,
AGREEMENT
WAS TERMINATED
    * REVITALIZING ITS PRODUCTION LINE OF CALCIUM CARBIDE WITH
HEIHE
LONGJIANG CHEMICAL CO
    * PRODUCTION LINES OF TWO REFINED CHEMICAL PRODUCTS,
PERMANENT
VIOLET RL & BMAP, EXPECTED TO START PRODUCTION IN JUNE

Source text https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0518/2021051800707.pdf
Further company coverage:  0362.HK 

 ((Reuters.Briefs@thomsonreuters.com;))