sinochem

However, the fact that Nufarm did not reject the revised offer outright is likely to provide Sinochem with some confidence.

But it said the move to hire HBSC was preliminary and did not mean Sinochem would make a counterbid for Potash Corp.

Potash has held discussions with Sinochem, a source close to the matter told Reuters in August.

But it is still hard to tell how Sinochem will apply these lessons to a bid for PotashCorp.

Statoil also seems to have been drawn by the prospect of working with Sinochem in the future.

Raising feasible suggestions for the long enterprise logistics strategies of The Sinochem International .

Han Gensheng, president of Sinochem Corporation, said the deal was "another step in our strategy of building a global energy company" .

If Sinochem were to bid for all of PotashCorp it would be the group's largest overseas deal to date.

manulife - sinochem , since the start of operations in shanghai five years ago , has enjoyed significant growth and an excellent reputation.

Today, Nufarm shares are trading at a less than half of what Sinochem was offering at the time, before the deal fell through.

He declined to say whether Sinochem has talked to the Canadian company since the BHP bid.

One indication that this may be what Sinochem is planning is that it has not yet appointed an adviser.

The person added that much of the interest in Potash Corp. , including Sinochem's, is preliminary, and no proposals have been made.

Many of those deals saw Sinochem take a passive minority stake in the oil assets, but the group is now reaching for outright acquisitions.

One of those parties was Sinochem, China's top fertilizer firm, biggest chemical trader and No. 4 oil company, a source said.

However, it has since become clear that Sinochem was worried about Nufarm's debts and its underlying earnings.

Sinochem Group is China's fourth-biggest oil company and a leading provider of fertiliser, pesticide and seed products.

Cofco, the grain trader, and Sinochem, the chemicals group, have been hunting for overseas agricultural deals, though with mixed success.

Sinochem, China's biggest trading company, is one of the pioneers.

But both have agreed to be acquired by Sinochem, China's largest chemicals trader, in strikingly similar deals.

For China, control over Potash Corp. through Sinochem would be linked to vital issues of food security.

On Sunday, a Chinese newspaper reported that Sinochem had submitted a formal application for government approval for a bid.

Sinochem fluorine industry provide abundant high quality products and comprehensive services by its global sales and services network.

In a statement, Sinochem said it "sincerely regrets the decision of Nufarm's board of directors to decline the offer" .

mils subsidiary , manulife - sinochem , receives approval to establish its beijing branch office.

mils subsidiary , manulife - sinochem , is granted approval to officially open its guangzhou branch office.

mils subsidiary , manulife - sinochem life insurance company ltd , begins operation in shanghai.

The sinochem and jiaxing daily you invite experts to carry out news for collecting and editing staff.

of the bilateral trade, SINOCHEM and ICI have come to the following agreement.

Sinochem, sensing willing sellers, struck at a moment of weakness.

Today, Sinochem's oil and gas block investments have grown to include Yemen, UAE, Colombia, Peru, Syria, Indonesia, Brazil and China.

Sinochem, founded in 1950 to be China's national oil trader, had no record of exploration or production until 2003.

A Sinochem official did not have any knowledge of any contact with Potash Corp.

"Parents start paying premiums when a child is small, " says Phuong Chung, senior vice-president at Manulife-Sinochem.

The extra information Sinochem is seeking included long term forecasts and currency movements, Hoggard said.

The collapse of the Sinochem offer is a setback for the Chinese group's ambition to become a global company in the crop protection industry.

The Sinochem Group controls almost all potash imports into China through Sinofert, its listed subsidiary.

China's state council, headed by prime minister Wen Jiabao, responded by telling Sinochem to explore a counterbid.

Han Gensheng, a president of Sinochem, said on Wednesday the deal fitted its strategy of building a global energy group.

But Sinochem's history and roots in communist China, yield indicators as to how it might approach its own bid.

Sinochem failed earlier this month to meet an agreed deadline to finalise due diligence.

Sinochem declined requests for interviews for this article.

Sinochem is expected to abandon its pursuit of the Australian group.

When China's Sinochem Corp. explored ways of acquiring Potash Corp. of Saskatchewan this fall, it struggled to find allies.

SINOCHEM SHANDONG INTERNATIONAL LOGISTICS CO. LTD.

Sinochem has never done a deal of this size overseas.

China's state-owned Sinochem Group bought a 40% stake in the Peregrino field off the coast of Brazil from Statoil for $3. 07 billion in May.

But Sinochem's ultimate decision of whether to bid may be based on more than commercial considerations.

In both cases, Sinochem will leave management largely intact.

SINOCHEM YANGZHOU IMPORT & EXPORT CO. , LTD.

YANCHENG SINOCHEM CHEMICALS CO. , LTD.

Sinochem learnt valuable lessons from the deal.

Moreover for Sinochem, the deal is ambitious in size alone.

The extension sparked fears Sinochem might offer less or walk away, knocking Nufarm's shares down 9 percent in the past two days.

Sinochem is relatively new to China's overseas oil rush.

In many ways Sinochem is typical of the Chinese companies making waves in global M&A.

Sinochem made its first overseas energy acquisition just eight years ago, in 2003.

Potash Corp. already owns 22% of Sinochem's fertilizer unit.

The $39bn price tag on Potash is $14bn more than Sinochem's total assets at the end of 2009.

China's Sinochem Corp is near a $320 million deal to buy Kazakh independent oil company Sumbe, industry sources told Reuters in November.

But the government has encouraged Sinochem to "take an interest" in PotashCorp, according to the person.

Sinochem could not be reached for comment on Wednesday, a public holiday in China.

Sinochem, the Chinese state-owned chemical group, has already said it is paying "close attention" to the bidding battle.

You are just bitter because I made a deal with Sinochem and you didn't.

Sinochem in Beijing was not available for comment, while HSBC in Hong Kong declined to comment.

The Sinochem International, funded by China Chemical Import and Export Corporation, in its five years of growth since the foundation,

Last year, state-owned Sinochem offered to buy Australian agricultural chemical company Nufarm Ltd. for about $2. 5 billion.

Manulife-Sinochem granted operating license for Beijing branch by China Insurance Regulatory Commission

Manulife-Sinochem receives CIRC approval for Sichuan Provincial Branch License

Manulife-Sinochem receives second city license for Zhejiang Province: Hangzhou

Manulife-Sinochem launches Group Insurance business

Manulife-Sinochem expands operations in Zhejiang Province

Manulife-Sinochem receives Beijing branch office license

Manulife-Sinochem opens for business in third city in Zhejiang Province: Shaoxing

Manulife-Sinochem receives Ningbo branch office license

Manulife-Sinochem marks Foshan as site for first Sales Office in Guangdong Province

Manulife-Sinochem to enter third city in Guangdong Province

Manulife-Sinochem receives license to enter Group Life and Health and Pension business

Manulife-Sinochem given approval to establish branch office in China