Archive | August, 2003

CHINA: PetroChina higher after H1 results

PetroChina Co Ltd (857.HK) shares have hit new highs after the company reported strong first half results early this week, dealers said. On the NYSE, it rose to more than US$34. The company reported a first half net profit of 38.619 billion yuan, compared with 19.076 billion in the year-ago period. Sales rose to 147.960 […]

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PHILIPPINES: Manila may declare failure of bidding for power transmission assets

MANILA (AFX-ASIA) – National Transmission Co president Alan Ortiz said the government may declare another failed bidding for the privatization of the National Transmission Co, after no new company expressed interest. “Most probably we may declare a second failed bidding since no new company submitted interest to join the bidding,” he said. Energy officials are […]

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CHINA: Sinopec to issue 3.5 billion yuan in corporate bonds for pipelines, tech upgrading

SHANGHAI (AFX-ASIA) – China Petroleum & Chemical Corp (Sinopec) (SH A 600028; HK 0386; NYSE SNP) said it plans to issue 3.5 billion yuan in corporate bonds, with the proceeds to be used to fund the construction of two pipeline projects and the technical upgrading of its synthetic resin and fertiliser projects. (US$1=8.27 yuan). In […]

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