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Chembond Chemicals enters into SPA for acquisition of additional 49% shares in JVC in Malaysia

11 Jan 2017 Evaluate

Chembond Chemicals has entered into a Share Purchase Agreement (SPA) with I-Chem Solution Sdn Bhd, Malaysia and I-Chembond Water Sdn Bhd, Malaysia, whereby the company, subject to the conditions to be fulfilled as per the SPA, would acquire additional 49% of the equity shares of I-Chembond Water Sdn Bhd, Malaysia.

Post fulfillment of all the necessary terms, conditions & requirements as mentioned in the SPA, the company would hold 100% of equity share capital of I-Chembond Water Sdn Bhd, Malaysia. Further, pursuant to the fulfillment of the terms of the SPA, the Joint Venture (JV) agreement with I-Chem Solution Sdn Bhd, Malaysia stands terminated.

Chembond Chemicals is engaged in specialty chemicals business and offers a range of products for industrial applications. The company offers products for applications in the areas of construction chemicals, industrial coatings and chemical trading.


Chembond Mat.Techno Share Price

190.75 -10.05 (-5.00%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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SRF 2780.75
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