On June 12, 2009, Sinochem International First temporary Shareholder Meeting 2009 approved Corporate MTN(medium-term notes) Issuance Plan. The shareholders voting for the plans have 748,012,030 shares in total, accounting for 100% of the overall shares held by all the participants; no one voted against the plan or abstained from the voting.
Compared with other traditional financing methods, the issuances of MTN can diversify financing channels, optimize debt structure, and effectively control financial cost. The issuance scale of the MTN package doesn t exceed 1.7 billion Yuan. The validity period of the MTN is 5 years and can be issued by stages.
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