BlueStar New Chemical Materials Increases Investment in Yancheng

摘要

The meeting of the Board of Directors held by BlueStar New Chemical Materials Co.,Ltd.on February 23rd,2006 decided to increase a cash investment of RMB56 million in Yancheng Natural Gas Development & Utilization Co.,Ltd.and rename the company into BlueStar New Materials(Yancheng)Co.,Ltd.The 30 000 t/a epichlorohydrin project is regarded as the major construction project in the new company.Besides,BlueStar New Chemical Materials Co.,Ltd.will also increase a cash investment of RMB13.12 million in Yancheng Lianfu Petrochemi-cal Co.,Ltd.