US EditionBASF exits Xinjiang ventures after Uyghur abuse reports
- BASF has exited two joint ventures in China's Xinjiang region after allegations against its local partner regarding rights abuses against the Uyghur minority.
- The sale of BASF's shares in Markor Chemical Manufacturing and Markor Meiou Chemical to Verde Chemical was completed, with no financial details disclosed.
- Reports indicated that staff of Markor participated in rights abuses against Uyghurs, including spying and filing reports with authorities.
- BASF stated it had no indication that employees of the joint ventures engaged in violations, attributing the actions to its local partner.
22 Articles
22 Articles
BASF Sells Stake in Chinese Firms Amid Uyghur Abuse Allegations
Get latest articles and stories on World at LatestLY. BASF announced it has finalised the sale of its stakes in Markor Chemical Manufacturing and Markor Meiou Chemical to the Singaporean firm Verde Chemical. As reported by France 24, the German company did not disclose any financial specifics regarding the transaction, which was concluded on Monday "after receiving approval from the relevant authorities." World News | BASF Sells Stake in Chinese…
The Avery Journal-Times
BASF exits Xinjiang ventures after Uyghur abuse reports
German chemicals giant BASF said Tuesday it had exited two joint ventures in China's Xinjiang region after its local partner was alleged to have participated in rights abuses against the local Uyghur minority.
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