---
title: "China Sunsine’s Majority Shareholder Divests 42 Million Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264192209.md"
description: "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."
datetime: "2025-11-04T10:42:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264192209.md)
  - [en](https://longbridge.com/en/news/264192209.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264192209.md)
generator: "portal-rs"
---

# China Sunsine’s Majority Shareholder Divests 42 Million Shares

An update from China Sunsine Chemical Holdings Ltd. ( (SG:QES) ) is now available.

China Sunsine Chemical Holdings Ltd. announced that its majority shareholder, Success More Group Limited, sold 42 million ordinary shares to 86 investors, including institutional and high-net-worth individuals, for S$27.72 million. This sale marks Success More’s first divestment since the company’s IPO in 2007, driven by the Executive Chairman’s intent to fund philanthropic activities and reward past employees, with a commitment to a six-month moratorium on further sales.

**More about China Sunsine Chemical Holdings Ltd.**

China Sunsine Chemical Holdings Ltd. operates in the chemical industry, focusing on the production of rubber accelerators, anti-oxidant agents, and other chemical products. The company serves a global market, with a significant presence in the rubber and tire manufacturing sectors.

**Average Trading Volume:** 923,139

**Technical Sentiment Signal:** Buy

**Current Market Cap:** S$698.8M

For a thorough assessment of QES stock, go to TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**