Sinochem International Acquires 51% Equity in Singapore's GMG            

Sinochem International Co., Ltd. (SH: 600500) announced on September 5th the company has finalized the acquisition of the 51% equity in GMG Global Ltd. through its wholly-owned subsidiary Sinochem International (Singapore), for a consideration of Singapore dollar 267.98 million (equivalent to RMB1.28 billion).
   Singapore GMG plants processes natural rubber, and also trades rubber products in the global market across the Africa, Europe, Asia and North America.
   Through the acquisition, Sinochem International will expand its international rubber market by integrating rubber plantation, processing and trade. Moreover, GMG will help Sinochem get access to African rubber resources and the European market. (CCR2008 No. 22)