Jiangsu Shengao Chemical will become a subsidiary of Sinochem International

Drying equipment

Sinochem International announced on June 14 that Sinochem International (Singapore) Co., Ltd. plans to invest no more than RMB 2.82 billion in the acquisition of a total of 60.976% of equity in Jiangsu Shengao Chemical Technology Co., Ltd. After that, the company will set up a company in Hong Kong and acquire the equity acquired by Sinochem International (Singapore) Co., Ltd. After completion of the transaction, Jiangsu Shengao Chemical will become a subsidiary of Sinochem International.

Jiangsu Shengao Chemical Technology Co., Ltd. is the world's largest manufacturer of rubber chemicals 6PPD [N-(1,3-dimethylbutyl)-N'-phenyl-p-phenylenediamine]. And Sinochem International's natural rubber, synthetic rubber, fine chemicals and other businesses have high synergistic value. This acquisition will help Sinochem International enhance its R&D and industrial transformation capabilities, acquire core technologies and products, and improve its industrial chain.

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Size Weight(g) Circumference(cm) Packing(pcs/ctn) Carton Size(cm) G.W./N.W.
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