Jiutian Chemical Group Receives Notice of Arbitration; Shares Slump 8%

MT Newswires

2025/07/08

Jiutian Chemical Group (SGX:C8R) received a notice of arbitration from a claimant who is a minority shareholder in the company's former 80% subsidiary, Changzhou Jiutian Xiean Chemical, according to a Monday filing with the Singapore Exchange.

Shares of the company were down over 8% in recent trading.

The arbitration was filed with the Shanghai International Economic and Trade Arbitration Commission, with the claimant seeking 2 million yuan for alleged loss in the subsidiary, which is currently undergoing a process of creditor's voluntary liquidation.

The company is currently reviewing the claim and is seeking consultation with its legal advisers.

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