China BlueChemical to Redeem Investment from Zhonghai Trust Scheme

MT Newswires Live06-10

China BlueChemical to Redeem Investment from Zhonghai Trust Scheme China BlueChemicalâs (HKG:3983) application to terminate the Trust Scheme Agreement No.1 with Zhonghai Trust and to redeem the ...

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The company had entered into Trust Scheme Agreement No.1 with Zhonghai Trust and had agreed to invest 350 million yuan in the trust scheme for a term of one year from April 24, 2024, to April 24, 2025. As per the termination, the company will be redeeming its entire principal amount along with around 1.4 million yuan in interest income at an average annualized rate of return of 3.00%. 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