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Sinochem International plans to acquire 100% equity of Nantong Xingchen Synthetic Materials from China National BlueStar (Group) for ¥2.11 billion via share issuance. Nantong Xingchen produces epoxy resin, bisphenol A, and engineering plastics.
Sinochem International announced it will acquire 100% of Nantong Xingchen Synthetic Materials from China Bluestar Group for CNY 2.11 billion via a share issuance. The deal will make Nantong Xingchen a wholly owned subsidiary, enhancing Sinochem's epoxy resin and engineering plastics capabilities.