Commodity Chemicals

Zeon announces dissolution of UK-based subsidiary; expects extraordinary loss for Q3 of FY 2016

Zeon Corp:To dissolve a UK-based wholly owned subsidiary Zeon Chemicals Europe Limited, which has been engaged in manufacture and sale of synthetic rubber.Says to terminate the production by the end of March 2016.Says it expects an extraordinary loss of 5,600 million yen for Q3 of the fiscal year...

12:15pm IST

Zeon lowers consolidated full-year net profit outlook for FY 2016

Zeon Corp:Says the company reaffirmed the consolidated full-year outlook for revenue at 320,000 mln yen for the fiscal year ending March 2016.Confirms the operating profit forecast at 32,000 mln yen.Confirms the ordinary profit forecast at 32,000 mln yen.Sees a decrease of net profit forecast to...

12:15pm IST

Daoming Optics&Chemical to inject capital in Nanjing-based company

Daoming Optics&Chemical Co Ltd:To inject capital of 30 mln yuan to a Nanjing-based optics company, to raise stake in the target company to 34 pct from 0 pct.

5:30am IST

Zhejiang Zanyu Technology to acquire stake in Hangzhou-based company

Zhejiang Zanyu Technology Co Ltd:To acquire a 70 pct stake in a Hangzhou-based environmental testing technology company from Xu Jianyong (30 pct stake) and Pan Sujun (40 pct stake) at price of 33.6 mln yuan.To raise stake in the target company to 70 pct from 0 pct.

5:30am IST


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