Thirumalai Chemicals Limited has noted that the Maleic Anhydride business of its step-down subsidiary, Optimistic Organic Sdn. Bhd. (OOSB) in Malaysia, is performing poorly.

• The poor performance is attributed mainly to the business situation in China and the Far East in recent years.
• More recent impacts from US and other tariffs have also affected the markets.
• Cheminvest Lte Singapore, the majority shareholder in OOSB (a subsidiary of Thirumalai Chemicals), is studying suitable options for value accretion.
• These options include, but are not limited to, divestment in full or in part, or partnership.
• The company will keep stakeholders, stock exchanges, the public, and regulators informed of progress.