On Nov.16th, 2006, Sinochem Hong Kong Holdings held a special board meeting and had approved the bill to change the company’s name from Sinochem Hong Kong Holdings Limited to “Sinofert Holdings Limited”. Liu Deshu, the CEO of Sinochem Corporation and Chairman of Board of Sinofert chaired the meeting.
The management of the company said: “The name change won the support from all the shareholders, which demonstrate their acknowledgement to the company’s business orientation and development target.” The company’s new name as “Sinofert” can well reflect the company’s core business and is in line with the company’s development strategy. The name change is also conducive to the communication between the company and the investors and the promotion of the company’s brand and image.
The name change will formally go into effect after the statutory registration procedure has been completed.