Sinopec Yizheng Chemical Fibre Co Ltd
Trade riskChina.
Summary
On March 13, 2019, the Mississippi Department of Finance & Administration identified YCF as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran. (https://www.dfa.ms.gov/media/8124/businesses-doing-business-with-iran.pdf)
As of December 31, 2019, the Alaska Retirement Management Board lists YCF as a company doing material business with Iran. (https://treasury.dor.alaska.gov/Portals/3/docs/resolutions/ARMB Iran Divestment List 12-31-19.pdf)
YCF is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies. (https://www.lrl.mn.gov/docs/2021/mandated/210295.pdf)
As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list YCF on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector. (https://www.unitedagainstnucleariran.com/company/china-nonferrous-metal-mining-group)
On January 20, 2020, Minnesota SBI listed YCF as a scrutinized investment. The managers are explicitly instructed to refrain from purchasing securities on this list. (https://www.leg.state.mn.us/docs/2020/mandated/200121.pdf)
In 2020, the U.S. state of Mississippi listed YCF on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting. (https://www.dfa.ms.gov/media/sd1ccddh/businesses-doing-business-with-iran-12-4.docx)
Connections1
Owned by1
- Sinopec CorpTrade riskShare not statedChina
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