By: Derek Lim
Date of Offer: 25 June 2007
Closing: 3 July 2007
Commence Trading: 5 July 2007
China Sunsine Chemical Holdings, based in Shandong Province, China, is one of the largest rubber accelerators manufacturers in the world and in China. It is principally engaged in the production of rubber chemicals, namely rubber accelerators and other related rubber chemicals such as anti-scorching agents, essential for the production of rubber and rubber-related products. It has a customer base consisting of renowned tyre manufacturers from more than 30 countries around the world and various provinces of China. Production facilities are situated in Shanxian, Shandong Province, China, with a combined land area and built-in area of approximately 201,701 sqm and 24,858 sqm respectively.
The proceeds are intended for the following uses:
- Construct and install new workshops and production machinery and equipment at the Second Facility.
- Expand and upgrade wastewater treatment and sulphur recycling facilities
- Enhance R&D capabilities.
- General working capital
Source: UOB KayHian