 On August 17, 2007, Franshion Properties (China) Ltd. (“Franshion Properties” hereinafter, HKEX:0817), a flagship real estate development company of Sinochem Corporation was listed on the main board of Hong Kong Stock Exchange.
On July 11, 2007, Sinochem was named to Fortune Global 500 for the 17th time, ranking the 299th place. Click here to view our historical places on Fortune Global 500.
On June 13, 2007, on approval of the State Council, Sinochem Corporation merged China National Seeds Group Corporation (hereafter called China Seeds Group for short). China Seeds Group has become a wholly-owned subsidiary enterprise of our corporation.
In May 2007, Sinochem Corporation was credited by the Publicity Department of the CPC Committee and the State-owned Assets Supervision and Administration Commission of the State Council as the “Role Model of the National State-owned Enterprises of the Year”
On April 12, 2007, on approval of the State Council, Sinochem Corporation merged Shenyang Research Institute of Chemical Industry (hereafter called Shenyang Institute for short). Shenyang Institute has become a wholly-owned subsidiary enterprise of our corporation.
In 2005, Sinochem’s performance reached a new height. Its performance far exceeded the benchmark set by State-owned Assets Supervision and Administration Commission. Sinochem has accomplished its financial target to double its net profit comparing with its result in 2003. That is 3 years ahead according to the initial planning.
On July 28th, 2005, Sinofert Holdings Ltd. ("Sinofert". Stpck code "HK.0297") listed anew after acquiring Sinochem’s fertilizer business. Sinofert is the first domestic fertilizer company to be listed in the overseas market.
In January 2004, Sinochem proposed to double its net assets and net income in 5 years’ time on the basis of year 2003, and build up a new Sinochem.
On Nov. 10, 2003, Sinochem changed its name into Sinochem Corporation.
In 2003, Sinochem proposed to build Sinochem into a great company with world influence, and motioned to accelerate development and create new scenarios, entering into a new phase to accelerate strategic transformation.
On Jan. 22, 2002, Sinochem signed an agreement with Petroleum Geo-Services (PGS), acquiring a PGS subsidiary, Atlantis. It is the first oil field acquired by Sinochem, which marked a breakthrough in upstream extension strategy of oil business.
In March 2000, Sinochem International (600500), with Sinochem as the holding company, successfully went public in Shanghai Stock Exchange.
In 2000, Sinochem became a key enterprise under the direct control of the State Council.
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