Tianhe Fine Chemicals plans London share offering

July 17, 2011

China’s Tianhe Fine Chemicals, based in Jinzhou City, Liaoning Province, has appointed JP Morgan Cazenove to oversee a London share offering. The Chinese company is looking for investments so as to expand its operations. It is seeking to raise between US$1.2 billion and US$1.5 billion through the share offering. The result of a spin-off from Yixian Fine Chemicals, the company makes lubricant additive components, intermediates and packages. It is a leading supplier to Sinopec and PetroChina. (July 17,2011)

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