Sinochem Equipment: Application documents for issuing shares to purchase assets and raise supporting funds, as well as related-party transactions, have been accepted

2026-03-01 02:32:27

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Sinochem Equipment Announcement: The company plans to issue shares to purchase 100% equity of Yiyang Rubber and Plastic Machinery Group Co., Ltd. held by China National Chemical Equipment Co., Ltd., and 100% equity of Blue Star (Beijing) Chemical Machinery Co., Ltd. held by Beijing Blue Star Energy Saving Investment Management Co., Ltd., as well as to issue shares to no more than 35 qualified specific investors to raise supporting funds. On February 24, 2026, the company received a notice from the Shanghai Stock Exchange regarding the acceptance of the application for issuing shares to purchase assets and raise supporting funds by Sinochem Equipment Technology (Qingdao) Co., Ltd. The SSE decided to accept the application and conduct a review in accordance with the law. This transaction is subject to approval by the SSE and registration approval by the China Securities Regulatory Commission before it can be implemented.

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