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German chemical company BASF exits Xinjiang ventures in China after Uyghur abuse reports (www.france24.com)

submitted 1 day ago by Hotznplotzn to c/china@sopuli.xyz

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cross-posted from: https://lemmy.sdf.org/post/33238850

BASF said in a statement it had completed the sale of its shares in Markor Chemical Manufacturing and Markor Meiou Chemical to the Singaporean group Verde Chemical.

The German group gave no financial details of the transaction, which was completed on Monday "following approval by the relevant authorities".

BASF had said in February 2024 it would accelerate its divestment from the joint ventures which manufacture the industrial chemical butanediol.

Plans to sell the shares had already been announced by BASF in 2023 in response to commercial and environmental concerns.

German public broadcaster ZDF and news magazine Der Spiegel had reported that staff of BASF's partner firm Markor were involved in rights abuses against members of the mostly Muslim Uyghur minority.

Employees were alleged to have spied on Uyghur families and filed reports with Chinese authorities.

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[–] Eheran@lemmy.world 1 points 1 day ago (1 children)

Stop repeating bullshit. They still invest in China and plan to do so even more. Acting as if this one sell had anything to do with Chinas human right abuse is a fucking joke. By repeating it despite the clear contradiction to their current and future investment all you do is make their lies reach more people to be deceived.

[–] JubilantJaguar@lemmy.world 1 points 1 day ago (1 children)

OP does not actually read the articles they post. OP simply posts anything and everything that makes China look bad, and nothing else. For accurate coverage of German business ethics (or indeed anything other than the evil doings of the Chinese communist party), you will need to look elsewhere. Alas.

[–] Eheran@lemmy.world 1 points 20 hours ago

No worries, I know. I just want to point out how crappy the article, and thus the whole "france24.com", is.