McVicar Industries Inc. has obtained Chinese government approval on McVicar's withdrawal from a joint ventue with Sino Lion (USA) Ltd. as previously announced on October 2, 2008. McVicar's 27 percent equity interest in Sino Lion Nanjing Ltd. was sold for US$850,000 to a holding company controlled by one of the directors of Sino Lion (USA) Ltd. The withdrawal has no material impact on the other chemical businesses McVicar currently owns or controls.
McVicar Industries Inc. has obtained Chinese government approval on McVicar's withdrawal from a joint ventue with Sino Lion (USA
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