Sinochem International (600500.SH) plans to acquire 100% equity of Nantong Xingchen. Trading will be suspended starting from tomorrow.

Wisdom Financial News APP learned that Sinochem International (600500.SH) has issued an announcement. The company has received a notice from its controlling shareholder, Sinochem Corporation Limited ("Sinochem Corporation"), that China Sinochem Corporation Limited Liability Company ("China Sinochem") is planning an asset restructuring involving the company. The company plans to issue shares to purchase 100% equity of Nantong Xingchen Synthetic Material Co., Ltd. ("Nantong Xingchen"), a wholly-owned subsidiary of China BlueStar (Group) Co., Ltd. ("BlueStar Group"). The specific plan has not been finalized yet.