BASF divests Xinjiang units to Singapore’s Verde Chemical

BASF has sold its stakes in two Xinjiang-based joint ventures to Verde Chemical Singapore Pte Ltd.
The deal, completed on April 21, 2025, awaits no financial disclosure.
Verde, backed by Verde Ventures SGP and minority partner GSS Energy, is setting up an IP and license centre in Singapore to advance tech-driven manufacturing in Southeast Asia.Read More