Addendum Announcement from Basic Chemical Industries Co. in regards to signing a non-binding letter of intent to acquire a stake in Union Chlorine.

IntroductionAddendum Announcement from Basic Chemical Industries Co. in regards to Co. announces of signing a Memorandum of Understanding with Oman Chlorine
Date of Posting the Previous Announcement of Development on Tadawul's Website2021-07-14 Corresponding to 1442-12-04
URL of the Previous AnnouncementClick Here
Change on the DevelopmentFurther to the announcement of Basic Chemical Industries Company published on July 14, 2021 AD corresponding to Dhu al-Hijjah 4, 1442 AH, regarding signing a non-binding letter of intent with the companies owning Union Chlorine Company to acquire 49% of the ownership of that company, Basic Chemical Industries Company announces the expiry of the letter of intent period without reaching an agreement to complete the deal with the concerned parties and without any obligation on any of them.
Financial Impact on the changeNA

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