HONG KONG (AFX-ASIA) – Hong Kong-listed China Petroleum and Chemical Corp (Sinopec)(386.HK) will pay 230 million yuan in cash to purchase a new unit, Yanhua Group Tianjin Lubricant & Grease Co Ltd, from its parent China Petrochemical Corp (Sinopec Group Co). The acquisition will give Sinopec 100% ownership of the issued shares of Yanhua Group…
CHINA: Hong Kong-listed Sinopec to purchase assets worth 230 million yuan from parent
Posted on April 2, 2004 by EnergyAsia