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Shengli Tubing terminated the sale of chemical raw materials business and confiscated 10.1 million coins

 Last Update: 2022-06-02
 Source: Internet
 Author: User

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Shengli Oil & Gas Pipeline (01080) announced that Zhejiang Shengguan Industrial, an indirect wholly-owned subsidiary, and Shenzhen Zhongcheng New Third Board Investment Enterprise entered into a termination agreement for the sale of 45% of Shanghai Guoxin’s equity.

Each party shall completely exempt the other party from all or any of the terms and conditions contained in the sale and purchase agreement, as well as the obligation to comply with and perform these terms and conditions.

Shanghai Guoxin is mainly engaged in the sales of chemical raw materials and products, mineral products, petroleum products, fuel products, coal, coke, non-ferrous metals, and metal materials.

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