Sinochem International announced on the evening of October 15 that Sinochem, a wholly-owned subsidiary of the company, plans to establish a holding subsidiary SPV in Spain with a shareholding ratio of 75.87%. SPV intends to acquire Global Arlington at a price of 144 million euros. A 100% stake in ELIX Polyemrs, a subsidiary company. ELIX Polymers specializes in engineering plastic products.
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