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Jiutian Chemical Group Limited ( (SG:C8R) ) just unveiled an announcement.
Jiutian Chemical Group has mutually agreed with Anyang Chemical Industry Group to terminate its planned investment in a synthetic ammonia project and the lease of a urea production facility in China, after reassessing the project’s commercial viability amid tighter lending conditions and stricter collateral and repayment requirements across the Chinese banking sector. The company stated that key conditions precedent, particularly securing adequate bank financing, could not be met, but emphasized that it has incurred no material capital expenditure, faces no penalties or break fees from the termination, and does not expect any material adverse impact on its financial position for the 2025 financial year; it will continue to evaluate other strategic and investment opportunities aligned with its long-term objectives and shareholder interests.
The most recent analyst rating on (SG:C8R) stock is a Hold with a S$0.03 price target. To see the full list of analyst forecasts on Jiutian Chemical Group Limited stock, see the SG:C8R Stock Forecast page.
More about Jiutian Chemical Group Limited
Jiutian Chemical Group Limited, incorporated in Singapore, operates through subsidiaries including Anyang Jiutian Fine Chemical Co. Ltd. in China and is involved in the chemical sector, with activities that include pursuing projects such as synthetic ammonia production and related downstream facilities like urea production.
Average Trading Volume: 1,745,894
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$49.71M
Find detailed analytics on C8R stock on TipRanks’ Stock Analysis page.