Jiuitan Chemical Terminates Investment in Synthetic Ammonia Project; Shares Up 4%
MT Newswires
Dec 30, 2025
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.