China Chemical Corp

OTC:CHCC

China Chemical Corp. engages in the manufacturer of organic chemical compounds for use in a variety of applications encompassing the automotive, aviation, marine, construction and food industries. The company is headquartered in Zibo, Shandong and currently employs 176 full-time employees. The company went IPO on 2008-12-22. On September 30, 2010, the Company entered into a Share Exchange Agreement with Gold Champ Consultants Limited (Gold Champ), pursuant to which the Company acquired 100% of Gold Champ. On September 30, 2010, Zibo Jiazhou Chemical Industry Co., Ltd. (ZBJZ) entered into contractual agreements (known as a variable interest entity (VIE) arrangement) with Zibo Costar Information Consulting Co., Ltd. (Zibo Costar), under which Zibo Costar provides exclusive management and technical services and exclusive technology consulting services (collectively, the Service Agreements) to ZBJZ. After the share exchange, Gold Champ and Zibo Costar became wholly owned subsidiaries of CHCC, and ZBJZ became the principal operating subsidiary. ZBJZ is principally engaged in the manufacturing of organic chemical compounds.