Sinochem International Stock Resumed Its Trade On 12th

Sinochem International Stock, which has suspended its trade for 14 days due to the equity disposal reform, is allowed to resume the trade on Aug.12th . The abbreviation of the Stock turns from "Sinochem International" into "G Sinochem International" and the stock, the calculation of whose price doesn t include ex-rights reference price, has no limitation of depreciation and appreciation range.

On Aug.5th, through the active voting by 85.97% of the and 56.44% of the tradable shareholders, the scheme of the reform got passed with 96.43% of the shareholders and 83.9% of tradable shareholders standing by. tradable shareholders present non-tradable shareholders with 1.5 shares and 5.58 Yuan cash for each 10 shares. All the tradable shareholders who made registration in Chinaclear Co. Ltd. in Shanghai before the end of Aug.10th will gain the consideration payment.

It is said that, the aggregate stock shares of Sinochem International was 1,257,693,750 before the implementation of the scheme, among which non-tradable shareholders held 852,693,750 shares, accounting for 67.8% of the total equity, while tradable ones was 405,000,000, 32.2%. After the implementation of the scheme, the aggregate equity is still 1,257,693,750, which are all tradable shares, with 781,818,750 shares with restrictions in selling accounting for 62.16% and non restricted ones 475,875,000 shares, 37.8%.

According to the statistics in the mid-term report of Sinochem International, the company recorded 8.43 billion Yuans of sales from Jan. to Jun, with a year-by-year increase of 53.54%. Although the profit margin of Metallurgical Coal is experiencing a decline by a large margin, the company has still kept the basic stability of its profits through various ways such as the creation of business patterns. During the period, the company also recorded 457 million yuans of net profits, with a year-by-year decrease of 5.59% and 519 million yuans of flow of cash from operationas, enjoying a sound capital turnover.