CATALIST-LISTED company AsiaPhos Limited is carrying out an internal restructuring, which will involve the assets, operations and activities of its subsidiaries in Singapore, Hong Kong and China, it announced on Monday.
The internal restructuring is to facilitate the reorganisation, streamlining and expansion of the group’s downstream business segment, which consists of the production and sale of phosphorous and phosphate-based chemicals.
The phosphate-mining firm entered into an agreement with Norwest Chemicals, Sichuan Mianzhu and APC Limited, its own subsidiary incorporated in Hong Kong, on Friday, setting out the terms of the restructuring. Under the terms, Norwest Chemicals will acquire Sichuan Mianzhu and split its assets, ope…
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