China Aviation Oil (Singapore) Corporation Ltd has announced that it is on track to receive a cash distribution from its 33%-owned associate company Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd (SPIA/AFSC). CAO will soon receive its share of the distribution amounting to RMB105.6 million (US$1=RMB 8.28). As SPIA/AFSC is equity-accounted at CAO’s group…
SINGAPORE: China Aviation Oil to receive cash distribution from associate company
Posted on May 30, 2003 by EnergyAsia