BRIEF-SABIC And Rongsheng Petrochemical Sign PDA For Potential Strategic Investment In Advanced Materials Project In China

SABIC
Tadawul All Shares Index

SABIC

2010.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

July 16 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION 2010.SE:

  • SABIC AND RONGSHENG PETROCHEMICAL SIGN PROJECT DEVELOPMENT AGREEMENT FOR POTENTIAL STRATEGIC INVESTMENT IN ADVANCED MATERIALS PROJECT IN CHINA

  • AGREEMENT TO JOINTLY ADVANCE DEVELOPMENT OF JINTANG NEW MATERIALS PROJECT IN ZHOUSHAN

  • UNDER PDA, SABIC AND RONGSHENG PETROCHEMICAL ARE EVALUATING A POTENTIAL EQUITY INVESTMENT BY SABIC UP TO 50% OF RONGSHENG NEW MATERIALS

  • AGREEMENT ALSO ESTABLISHES A FRAMEWORK FOR PROJECT DEVELOPMENT ACTIVITIES TOWARDS A POTENTIAL FINAL INVESTMENT DECISION (FID)

Further company coverage: 2010.SE


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