Sinochem to Acquire Shares in Australia-Based Nufarm      

Sinochem Corporation has entered into a Heads of Agreement with Nufarm Limited in relation to a non-binding proposal for Sinochem to acquire all of the issued ordinary shares in Nufarm by way of a scheme of arrangement. Sinochem announced on September 28th.
   The acquisition of Nufarm, should it proceed, is consistent with Sinochem's strategy to become a leading global company in the total crop protection value chain including R & D, production, distribution and services.
   Sinochem Corporation, headquartered in Beijing, is a state-owned-enterprise with core businesses in energy, agriculture, chemicals, finance and real estate, and the largest integrated agriculture-input conglomerate (agricultural chemicals, fertilizer, crop protection and seeds) in China.
   Australia-headquartered Nufarm is one of the world's leading generic crop protection companies with an excellent portfolio of products and brands, coupled with a global sales and marketing network with particular strength in Australia, Europe, and the America.
   The potential acquisition of Nufarm will accelerate Sinochem's ambitious global growth strategy in agricultural-inputs. (CCR2009 No. 24)