According to Sinochem Equipment's announcement, the company plans to issue shares to purchase 100% of Yiyang Rubber & Plastic Machinery's shares held by China Chemical Equipment and 100% of Blue Star Chemical Machinery held by Beijing Blue Star Energy, and raise capital from no more than 35 specific investors. The transaction was reviewed and approved by the Shanghai Stock Exchange Reorganization Committee on July 20. The company revised the relevant draft report, mainly updating the completed procedures and refining the description of Beihua Machinery's performance commitments and compensation arrangements. Some refinements had no substantial impact on the plan.

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