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Crasus Chemical, a petrochemical company under Resonac, will be listed on the Tokyo Stock Exchange this Tuesday, according to a report by Jefferies analysts.
According to a Jefferies analyst report, Resonac's petrochemical subsidiary, Crasus Chemical, will list on the Tokyo Stock Exchange this Tuesday, with the spin-off plan taking effect this Thursday. Crasus operates the Oita Petrochemical Complex, home to Japan's second-largest ethylene facility, which has not experienced equipment-related production disruptions since 2014. The company's reference share price is JPY 200 per share, with a dividend yield of 6%.
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