17 Sep 2026
Yiyang Rubber Machinery and Bluestar Chemical Machinery transferred to listed company following regulatory approval
Qingdao, China – Sinochem Equipment Technology (Qingdao) Co. Ltd has completed the transfer of two machinery businesses under its major asset restructuring programme.
In a 10 Sept regulatory filing, the company confirmed that it now holds 100% of Yiyang Rubber & Plastics Machinery Group Co. Ltd and Bluestar (Beijing) Chemical Machinery Co. Ltd.
"The transfer procedures for the target assets involved in the transaction have been completed," the company stated.
The transaction remains subject to a number of post-completion procedures, including the issue and registration of shares being used to acquire the assets.
The completion marks the latest stage of an asset restructuring first announced in July 2025. (ERJ report)
Sinochem Equipment has previously said the acquisition will strengthen its industrial business while not constituting a change in its controlling shareholder.
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