Brief: Lee & Man Chemical Announces Investment Agreement For Development Of Co's Chemical Business

Lee & Man Chemical

25/10/2021 13:14

Oct 25 (Reuters) - Lee & Man Chemical Co Ltd  0746.HK :
    * INVESTMENT AGREEMENT FOR DEVELOPMENT OF COMPANY'S CHEMICAL
BUSINESS IN JIANGXI
    * RUICHANG CITY GOVERNMENT TO GRANT L&M INTERNATIONAL LAND
USE
RIGHTS TO AN AREA IN RUICHANG MATOU INDUSTRIAL PARK
    * LAND USE RIGHTS FOR AGGREGATE CONSIDERATION OF RMB50
MILLION FOR
TERM OF 50 YEARS
    * UNIT TO INVEST IN A PROJECT INVOLVING MANUFACTURE OF
HIGH-END
FLUOROPOLYMERS AND OTHER CHEMICALS FOR USE IN LITHIUM BATTERIES

Further company coverage:  0746.HK 

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