China BlueChemical to Redeem Investment from Zhonghai Trust Scheme

MT Newswires Live06-10

China BlueChemicalâs (HKG:3983) application to terminate the Trust Scheme Agreement No.1 with Zhonghai Trust and to redeem the entire principal amount and the interest income has been confirmed by Zhonghai Trust, a Friday filing with the Hong Kong Exchange said.

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%.

The parties agreed that the termination does not cause any breach of the terms of the agreement.

Price (HKD): $2.24, Change: $+0.08, Percent Change: +3.70%

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