The major asset restructuring work of Sinochem Equipment Technology is progressing in an orderly manner
On July 29, 2025, Sinochem Equipment Technology Co., Ltd. disclosed a restructuring plan, intending to issue shares to acquire 100% equity of Yiyang Rubber & Plastic Machinery Group Co., Ltd. and 100% equity of Bluestar Chemical Machinery Co., Ltd., and to raise supporting funds. This transaction constitutes a related party transaction and is expected to constitute a major asset restructuring, which will not lead to a change in control. The company's stock was suspended in July 2025 and later resumed trading
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