China Sunsine’s Majority Shareholder Divests 42 Million Shares
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China Sunsine Chemical Holdings Ltd. announced that its majority shareholder, Success More Group Limited, has divested 42 million shares for S$27.72 million to 86 investors, including institutional and high-net-worth individuals. This marks the first divestment since the company's IPO in 2007, aimed at funding philanthropic activities and rewarding past employees, with a six-month moratorium on further sales. China Sunsine specializes in rubber accelerators and anti-oxidant agents, serving the global rubber and tire manufacturing sectors.
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