Transfar Zhilian Partners With PETRONAS for Rubber Plant Venture

MT Newswires Live06-17

Transfar Zhilian (SHE:002010) will collaborate with Malaysia's state oil giant PETRONAS to develop polybutadiene rubber plants in China and Malaysia.

The memorandum of understanding is valid for three years, extendable by mutual consent, according to a Tuesday filing with the Shenzhen bourse.

Shares of the chemical product manufacturer closed 1% lower Tuesday.

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