Jiuitan Chemical Terminates Investment in Synthetic Ammonia Project; Shares Up 4%

MT Newswires

2025/12/30

Jiutian Chemical (SGX:C8R) subsidiary Anyang Jiutian Fine Chemical reached an agreement with Anyang Chemical Industry to terminate a proposed investment in a synthetic ammonia project and the lease of a urea production facility, according to a Monday filing with the Singapore Exchange.

Shares of the chemicals company were up over 4% in Tuesday trading.

The parties mutually decided to terminate the deal due to a lack of sufficient bank financing, the filing added.

Meanwhile, there are no penalties, break fees or financial consequences arising from the termination.

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