China BlueChemical (HK:3983) has released an update.
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China BlueChemical has announced a series of structured deposit subscriptions with BOC Hainan Branch totaling RMB2,100 million using the company’s own funds. These transactions are classified as discloseable under the Hong Kong Listing Rules, exceeding 5% of the applicable percentage ratios but not requiring shareholder approval. The latest agreement, BOC Structured Deposit Agreement No.13, sees subsidiary CNOOC Jiantao subscribing for an additional RMB150 million.
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