BASF Divests Shares in Two Joint Ventures in China

Management Decision BASF Divests Shares in Two Joint Ventures in China

2025-04-28 Source: Press release BASF 1 min Reading Time

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BASF has recently announced that it has completed the divestment of its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co. and Markor Meiou Chemical (Xinjiang) Co. in Korla, China, to Verde Chemical Singapore.

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing Co. and Markor Meiou Chemical Co. in Korla, China, to Verde Chemical Singapore. (Source: Pixabay) — BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing Co. and Markor Meiou Chemical Co. in Korla, China, to Verde Chemical Singapore.
(Source: Pixabay)

Ludwigshafen/Germany – BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co. and Markor Meiou Chemical (Xinjiang) Co. in Korla, China, to Verde Chemical Singapore. Following approval by the relevant authorities, the transaction was completed effective April 21, 2025. Both parties have agreed not to disclose financial details of the transaction.

Verde Chemical Singapore, a company registered in Singapore, is majority controlled by Verde Ventures SGP, also a Singapore registered company. The company is currently establishing an intellectual property and license center in Singapore to commercialize cutting edge technologies and with the support of minority shareholder GSS Energy, leverage such technologies to support manufacturing in Southeast Asia.

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