Jiutian Chemical Group Limited (SG:C8R) has released an update.
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Jiutian Chemical Group Limited has announced the voluntary winding up of its associated company, Anyang Jiujiu Chemical Technology Co., Ltd., due to its inability to find viable product solutions following market changes and increased environmental regulations. The closure of the company, where Jiutian holds a 74% interest, is not expected to significantly affect the group’s consolidated financials for the year. Shareholders will be kept informed of any significant updates regarding the process.
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