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NSL to sell Thai unit for $328.3m

Sale will result in accounting gain of $119.8m

NSL CHEMICALS, a wholly owned subsidiary of NSL Ltd, has agreed to sell its entire 100 per cent stake in NSL Chemicals (Thailand) Ltd (NSCT) to SCG Chemicals Ltd for $328.3 million. Investment holding company NSL Chemicals owns a stake of 22.83 per cent stake in Bangkok Synthetics Ltd (BST).