China Bluechemical Initiates Listing-For-Sales Process To Dispose Of 67% Stake In Cnooc Tianye

China BlueChemical Ltd 3983:

• INITIATED LISTING-FOR-SALES PROCESS TO DISPOSE OF 67% STAKE IN CNOOC TIANYE ON CHINA BEIJING EQUITY EXCHANGE

• INITIAL BASE PRICE OF POTENTIAL DISPOSAL IS RMB207.2 MILLION

• UPON COMPLETION OF DISPOSAL CO WILL HOLD 25.27% EQUITY INTEREST IN CNOOC TIANYE