June 13, Liu Deshu, President and CEO of Sinochem received the guests from Lehman Brothers headed by Richard Fuld, Chairman and CEO of the renowned Wall Street investment bank. Mr. Chen Guogang, CFO of Sinochem was also present.
Mr. Liu gave an overview of the statuses, strengths and prospects of Sinochem’s five major businesses and maintained that Sinochem has adhered to a strategy of “limited diversification of the businesses” over the years and has now developed a balanced and dynamic structure. In the couple of years to come, with a series of the key projects being put to operations continuously,
Sinochem is expected to enter into a new phase of the development.
Mr. Fuld thanked Mr. Liu for his time. He expressed his deep sympathy and concern for the tragic earthquake in Sichuan and his high opinion on the Chinese government’s speedy and efficient relief efforts right after the disaster. Mr. Fuld hoped to seek opportunities to collaborate with Sinochem Corporation.
Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity.