Sinochem Group

Sinochem buys into Texas oil-shale field

Sinochem's move follows other deals in which Chinese buyers acquired stakes in US shale formations in exchange for funding drilling costs. Photo: Reuters

Sinochem Group, China's biggest supplier of chemical products, has agreed to buy a 40 per cent stake in Texas oil-shale acreage from Pioneer Natural Resources for US$500 million.

Friday, 1 February, 2013, 5:22am

No ransom paid for freed Chinese hostages, says oil company

No ransom was paid to secure the release of four Chinese oil workers freed last month after being held hostage for more than a year, the company said Friday, rejecting allegations to the contrary.

15 Dec 2012 - 1:14pm

Four Chinese oil workers freed in Colombia

An air ambulance transporting the four Chinese oil workers \released from their Farc captors lands at the airport in Bogota.  Photo: AFP

Four Chinese oil company employees held hostage since June last year, allegedly by Colombia’s Farc rebels, have been freed in southern Colombia, the Chinese embassy said Thursday.

“They released the four last night in the department of Caqueta. They are in good spirits,” said the embassy's spokesperson in Bogota.

23 Nov 2012 - 3:27am

Sinofert's core profit up 31pc on price rise

Sinofert Holdings, the fertiliser distribution unit of mainland oil trader Sinochem Corp, said first-half underlying profit surged 31 per cent as selling prices increased amid higher demand from farmers.

Net profit rose 14 per cent from a year earlier to HK$530 million on a 39 per cent increase in sales to HK$14.34 billion.

28 Aug 2007 - 12:00am

Franshion shares forecast to rise 10pc on debut

Shanghai-based Franshion Properties (China) is expected to see moderate gains on its first trading day on the stock market amid high volatility.

The developer priced its shares at HK$2.35, the top of the indicative price range, after receiving offers for more than 170 times the shares available for the retail offering, market sources said.

11 Aug 2007 - 12:00am

Sinochem seeks Franshion IPO in place of Jinmao

Sinochem Corp, one of the mainland's four major state-owned oil companies, would like to scrap the planned listing of China Jinmao Group, which owns Shanghai's tallest building, and instead opt for an initial public offering for its other real estate arm, Franshion Properties (China), sources said.

16 Jul 2007 - 12:00am

Sinofert share sale funds acquisition

Sinofert Holdings, the fertiliser unit of mainland oil trader Sinochem Corp, has offered to sell US$300 million new shares to fund an asset acquisition from its parent, sources said.

11 Jul 2007 - 12:00am

Expectation of acquisitions sees Sinofert shares surge

Sinofert Holdings, the mainland's largest fertiliser importer, saw its shares surge 7.73 per cent yesterday to a record on speculation that the company's long-awaited plan to buy its parent's assets would take place soon.

13 Feb 2007 - 12:00am

Sinochem eyes fertiliser stakes

HK-listed firm plans to buy into Jiangsu, Shandong producers and form distribution links to lift volumes

Sinochem Hong Kong, the mainland's largest fertiliser importer and distributor, is in talks to acquire minority stakes in two fertiliser producers in Jiangsu and Shandong provinces as it seeks to form more alliances with suppliers to boost its trading volume.

11 Sep 2006 - 12:00am

Sinochem records 19.4pc rise in earnings

Improved sales of domestically produced fertiliser offset sharp drop in revenue from imported products

7 Sep 2006 - 12:00am

Sinochem raises $1.3b in bond sale

Sinochem Hong Kong Holdings, China's largest fertiliser importer, has raised $1.3 billion to fund its expansion by selling bonds that are convertible to shares.

22 Jul 2006 - 12:00am

Sinochem in expansion drive

Fertiliser supplier will increase imports and spend billions to acquire plants from its parent company

Sinochem Hong Kong Holdings aims to increase sales volume by almost 80 per cent and double its outlets in three years as it taps growth opportunities offered by the government's policies to raise demand and output of agricultural products.

11 Apr 2006 - 12:00am

Total, Sinochem in venture

French oil major Total has signed a US$100 million joint-venture agreement with Chinese oil firm Sinochem Corp to set up a network of petrol service stations in eastern China.

The deal will intensify competition in Jiangsu province where rival European oil giant Royal Dutch/Shell last year formed a joint venture to set up a 500-strong petrol retail station chain.

3 Oct 2005 - 12:00am

On a learning curve in the tough game of acquisitions

AFEW YEARS ago, the overseas mergers and acquisitions by Chinese companies were hardly international news.

1 Oct 2005 - 12:00am

Sinochem Hong Kong plans sale roadshow

Sinochem Hong Kong Holdings will launch an international roadshow in two weeks to market its new share offering, sources said.

The company will issue no more than 3.9 billion new shares at 10 cents or higher, according to a shareholder circular.

The share placement's price will be determined through a book-building exercise and the shares will be issued by July 28.

6 Jul 2005 - 12:00am