The integration of China's chemical rubber tire business segment is roughly implemented in two steps. First of all, it will integrate the non-listed tire assets of China Chemical Industry into the established China National Chemical Rubber Corporation, and will clean up and strip off non-operating assets and non-performing assets. Secondly, on the basis of the above-mentioned work, China National Chemical Rubber Corporation takes the lead and integrates the assets of tire listed companies and unlisted tire assets.
Industry insiders expect that Fengshen will become the platform for asset integration. In the future, China Chemical may inject Sinochem Rubber into the company and eventually realize the overall listing of tire assets.
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