China Aviation Oil (Singapore) Corporation Ltd (CAO) said it received RMB39.6 million as part of its accrued retained earnings from its 33%-owned associated company, Shanghai Pudong International Airport Aviation Fuel Supply Company (Pudong). The payment is based on Pudong’s 2002 earnings. (US$1=8.27 yuan). CAO has used the distribution to partially offset the purchase price of…

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