On May 18, 2007, Sinochem International Corporation ("Sinochem", SH600500) entered into an agreement to acquire a 28% equity share in Nantong Jiangshan Agrochemical & Chemical Co., Ltd. ("Jiangshan", SH600389). Under this agreement, Sinochem will acquire Jiangshan's state-owned tradeable shares for RMB499,957,920 (more than US$64,000,000). Jiangshan is China's leading manufacturer of pesticides and agricultural chemicals. One of China's leading chemical and logistics companies, Sinochem is the only A-share listed company under the control of Sinochem Corporation, one of Global 500. Through this strategic investment, Sinochem and Jiangshan will work to establish a manufacturing base for internationally branded pesticides in Nantong, Jiangsu Province, China.
As legal counsel to Sinochem, Llinks advised on all aspects of this transaction, including structuring, negotiations, legal documentation, legal opinions, and other legal services.
May 18, 2007
