Brief: Sinofert Says Shutdown Of Fixed Bed Gasifiers By An Associate

Sinofert Holdings

07/12/2023 15:06

Dec 7 (Reuters) - Sinofert Holdings Ltd  0297.HK :
    * SHUTDOWN OF FIXED BED GASIFIERS BY AN ASSOCIATE
    * EXPECTS THAT SHUTDOWN OF RELEVANT DEVICES BY YANGMEI
PINGYUAN
WILL NOT HAVE ANY IMPACTS ON BUSINESS OPERATIONS AND REVENUE OF
GROUP
    * YANGMEI PINGYUAN CHEMICAL RECEIVED A NOTICE FROM PEOPLE'S
GOVERNMENT OF PINGYUAN COUNTY ON 1 DEC
    * FINAL DETERMINATION AS TO WHETHER THERE WILL BE ANY
IMPAIRMENT
ON CO'S INTERESTS IN ASSOCIATE SHALL BE SUBJECT TO FURTHER
ASSESSMENT
    * NOTICE REQUIRING YANGMEI PINGYUAN TO SHUT DOWN AND
ELIMINATE 42
FIXED BED GASIFIERS CURRENTLY IN OPERATION BY 31 DEC
    * YANGMEI PINGYUAN EXPECTED FULL SHUTDOWN WILL TAKE PLACE ON
16
DEC
    * YANGMEI PINGYUAN MADE PRE-SHUTDOWN PREPARATIONS FOR ITS
ACTUAL
PRODUCTION AND OPERATION TO ENSURE SAFE SHUTDOWN OF RELEVANT
DEVICES


Further company coverage:  0297.HK 

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