According to the announcement, Sinochem International Corporation plans to invest up to 1.634 billion yuan to acquire and increase capital for an additional 61.66 million shares of Yangnong Group at a price not exceeding 26.5 yuan per share. This includes an investment of up to 779 million yuan to acquire all 29.38 million shares held by the Yangnong Group Union at a price not exceeding 26.5 yuan per share, and an additional investment of up to 855 million yuan to subscribe for 32.28 million new shares issued by Yangnong Group at a price not exceeding 26.5 yuan per share. If the transaction is completed, combined with the 5% stake in Yangnong Group previously held by Sinochem International, Sinochem International will hold a total of 40.53% of Yangnong Group's equity.
At the same time, Sinochem International announced that its Singapore-listed subsidiary, GMG, plans to invest 761.8 million euros to acquire 3.809 million shares (representing 18.19% of SIAT company's pre-transaction equity) from Belgium's Fimave NV Company; and plans to invest another 1.1638 billion euros to subscribe for 5.539 million newly issued shares of SIAT company. The total investment for this transaction by GMG amounts to 1.9256 billion euros. Calculated at an exchange rate of 1:8.31, this is equivalent to approximately 1.6 billion yuan. Upon completion of all transactions, GMG will hold 35% of SIAT company's equity.