Sinochem International plans to acquire Nantong Xingchen for 2.11 billion yuan, hits daily limit in afternoon with over 600,000 lots sealed

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Summary · why it matters

Sinochem International plans to acquire 100% equity of Nantong Xingchen for 2.11 billion yuan, entering the PPE resin track, a key upstream material for AI computing power. After the market opened in the afternoon on September 16, Sinochem International's share price quickly hit the daily limit at 6.03 yuan per share, with over 600,000 lots sealed. Boosted by this, the chemical sector strengthened in the afternoon, with Ruifeng High Materials hitting the daily limit, and Dongyue Silicone Materials and Lingwei Technology surging in the afternoon.

Impact on stocks 4

Others▲ · 4 stocks
Sinochem International Corp
600500
▲ PositiveCapitalrelevance

Sinochem International plans to acquire 100% of Nantong Xingchen for 2.11 billion yuan, entering the PPE resin track.

Off-coverage companies 1

南通星辰Private▲ Positive
Capitalrelevance

Nantong Xingchen is the acquisition target, to be bought 100% by Sinochem International for 2.11 billion yuan.

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