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McVicar Industries Inc. has obtained Chinese government approval on McVicar's withdrawal from a joint ventue with Sino Lion (USA


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.

COPYRIGHT 2009 Chemical Institute of Canada Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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