Jiuyuan Group (stock code: 00827) announced on October 26 its intention to divest a 90% equity stake in Jiangsu Blue Planet Environmental New Materials Co., Ltd. for RMB 27 million. The announcement clarified that the target company’s propylene oxide business no longer aligns with the Group’s short- to medium-term strategic direction, and that the disposal is aimed at focusing on cost reduction, energy-saving retrofits, and the transformation of existing operations.
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