Sinochem International Corporation (SHSE:600500) agreed to acquire Sinochem Plastics Co Ltd from Sinochem Corporation for approximately CNY 950 million on December 12, 2017. In related transactions, Sinochem International Corporation will acquire Sinochem Jiangsu Co., Ltd. for CNY 246 million, Sinochem Qingdao Co., Ltd. for CNY 259 million and Sinochem Japan Co., Ltd. for CNY 10.03 million. In another related transaction, Sinochem International (Overseas) Pte. Ltd. agreed to acquire Sinochem Hong Kong Chemical International Limited for CNY 281.7 million. The transaction has been approved by the Board of Sinochem International Corporation. Sinochem International Corporation (SHSE:600500) cancelled the acquisition of Sinochem Plastics Co Ltd from Sinochem Corporation on December 12, 2018.