Chinas US$60 billion chemical giant Sinochem Group is eyeing overseas merger and acquisition opportunities and plans to introduce strategic investors in three to five years for its business arms, according to company chairman Frank Ning Gaoning.
The state-owned enterprise (SOE) will focus on bulk petrochemical and downstream products, develop high value-added materials and life science products in the next few years, as well as invest in properties and financial services, Ning said in an email reply to the South China Morning Post.
In the future, we will stick to internationalisation and strive to become a multinational company which is competitive in the world market, taking advantage of the Belt and Road Initiative, Ning sa…
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