In November last year, the AsiaPhos subsidiary filed a compensation claim against Almamet for losses and related expenses totalling RMB199,965.
Sichuan Mianzhu Norwest Phosphate Chemical Co, a subsidiary of AsiaPhos (SGX:5WV
) , has received a settlement agreement of RMB106,225.70 ($19,831) from Almamet Shanxi Reagents Co on March 25.
In April 2023, a fire broke out at a Tianjin Xiaochun Logistics Co warehouse where both Sichuan Mianzhu and Almamet stored inventory, resulting in an inventory write-off for Sichuan Mianzhu.
