Fudao Chemical Ends Management Pact, Goes Solo

China BlueChemical (HK:3983) has released an update.

China BlueChemical’s subsidiary Fudao Chemical has terminated its management agreement with Orient Petrochemical as of July 24, 2024. Following a successful collaboration that resulted in the completion and operationalization of an acrylonitrile project, Fudao Chemical will now manage its operations independently. The agreement includes detailed arrangements for a smooth transition, covering personnel, supply, and procurement aspects.

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