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China BlueChemical Denies Participation in Indian Urea Tender Amid Market Rumours

Story Highlights
  • China BlueChemical denied taking part in the recent Indian global urea tender, directly or indirectly.
  • The company warned investors against relying on market rumours and urged caution in trading its shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China BlueChemical Denies Participation in Indian Urea Tender Amid Market Rumours

Meet Samuel – Your Personal Investing Prophet

An announcement from China BlueChemical ( (HK:3983) ) is now available.

China BlueChemical issued a voluntary clarification after market rumours suggested it had secured a winning bid in a recent global urea tender in India. The board stated that the company did not participate in the tender, whether directly or via any third party, and therefore has not won any bid or signed any related contract.

The company urged shareholders and potential investors to rely only on its official announcements and not on unauthorised websites, social media or other unverified sources. It also reminded investors to exercise caution when dealing in the company’s securities amid such market speculation.

More about China BlueChemical

China BlueChemical Ltd. is a Hong Kong-listed joint stock company incorporated in the People’s Republic of China and operates in the chemical and fertilizer industry. The company is known for producing urea and other related chemical products, serving both domestic and international agricultural and industrial markets.

Average Trading Volume: 15,555,798

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$12.26B

See more data about 3983 stock on TipRanks’ Stock Analysis page.

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