Singapore-listed China Aviation Oil (CAO) said it will earn a Rmb142 million dividend from the 2003 earnings of its 33%-owned associate company, Shanghai Pudong International Airport Aviation Fuel Supply Company. (US$1=Rmb8.27). This is about 34% higher than the dividend paid on 2002 profits. In a statement, Chen Jiulin, CAO’s managing director and CEO, said that…
SINGAPORE: China Aviation Oil to receive Rmb142 million dividends from Pudong company
Posted on April 8, 2004 by EnergyAsia