Why was Sinochem Ningbo sold?

Can't maintain the company's development. In order to further focus on its core business, Sinochem Group strategically withdrew from the equity of Sinochem Ningbo (Group) Co., Ltd., and Sinochem Ningbo is no longer a subsidiary of Sinochem Group. 1On October 28th, the equity of Sinochem Ningbo 20 1 1% held by Sinochem Group was officially listed on the Beijing Equity Exchange. After listing, Beijing Stock Exchange organized a bidding procedure.