Despite rising cost pressures, Sinopec Engineering, the oil refining and chemical plants engineering subsidiary of China Petrochemical Corp, will strive to maintain a gross profit margin higher than the industry average, its chief said.Friday, 24 May, 2013, 3:47am
Everyone is hailing the success of two massive China IPOs this week that seems to herald a new uptick in the moribund sector, with relatively strong debuts for offerings from Galaxy Securities and Sinopec Engineering. But I'm going to go ahead and play the contrarian.23 May 2013 - 10:29am
The listings of two large state-owned enterprises have captured sizeable demand from fund managers, breaking the gloom of Hong Kong's long-suffering IPO markets.
China Galaxy Securities (the mainland's sixth-biggest brokerage firm) and Sinopec Engineering (a spin-off from Sinopec) are preparing to raise a combined US$3.6 billion through Hong Kong listings.13 May 2013 - 2:39pm
Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency and profitability through its ongoing consolidation of eight subsidiaries. The company, which was created in September, promises reasonable returns for investors through a mix of organic and inorganic growth models as some advanced technologies may be obtained through overseas acquisitions.10 May 2013 - 5:40am
The listing of Sinopec Engineering, a construction unit of China's largest oil refiner, China Petrochemical (Sinopec Group), will allow investors to gain exposure to the high-growth but risky overseas coal-chemical industry.9 May 2013 - 5:15am
Two big state-owned enterprises launched their long-awaited initial public offerings to raise up to US$3.81 billion in Hong Kong yesterday, taking advantage of improving sentiment.7 May 2013 - 4:16am 1 comment