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Aslan revises the composites business and the sale agreement at the BDO plant in Germany 　　

 Last Update: 2020-11-07
 Source: Internet
 Author: User

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Aslan Global Holdings, a U.S. specialty chemicals company, recently announced that it is revising its acquisition agreement with Inglis. The agreement includes the sale of the composites business to Inglis and the BDO manufacturing plant in Marr, Germany.
amended agreement would exclude the Malay acid business, while the purchase price remains unchanged at $1.1

.
's Malay acid business includes a plant in West Virginia that earns $75 million a year. Mr Aslan said it would retain full ownership of the operations of the Malay acid business.
the company plans to spin off its Malaysian operations after recovering all proceeds to cover the reasonable costs paid to Inglis by Aslan.
announced in November that it had signed a final agreement to sell its composites business and BDO manufacturing plant in Marr, Germany, to Inglis.

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