Sinopec Yizheng Chemical Fibre Co Ltd
YCF is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.
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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.
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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.
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As of December 31, 2019, the Alaska Retirement Management Board lists YCF as a company doing material business with Iran.
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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.
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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.
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Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.