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Sinopec Gets Capital Injection for Marketing

Sinopec Gets Capital Injection for Marketing
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摘要 Asia’s largest refiner,China Petrochemical Corporation known as Sinopec,said in early January 2015 that it had received approval for a 107.1 billion yuan(US$17.2billion)capital increase for its marketing subsidiary,a big step in the country’s mixed-ownership reform of state-owned enterprises.Sinopec said that the National Development and Reform Commission,the top planning agency,and the Ministry of Commerce had approved the cash injection by 25 foreign and domestic investors into Sinopec Marketing Co.,Ltd. Asia's largest refiner, China Petrochemical Corporation known as Sinopec, said in early January 2015 that it had received approval for a 107.1 billion yuan (US$17.2 billion) capital increase for its marketing subsidiary, a big step in the country's mixed-ownership reform of state-owned enterprises. Sinopec said that the National Development and Reform Commission, the top planning agency, and the Ministry of Commerce had approved the cash injection by 25 foreign and domestic investors into Sinopec Marketing Co., Ltd.
作者 Wei Haifeng
出处 《China Oil & Gas》 CAS 2015年第1期10-11,共2页 中国油气(英文版)
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