Nov 29, 2021 04:40 PM (GMT+8) · EqualOcean
Financial Associated Press, November 29 - Sinopec announced that it plans to purchase equity assets, non equity assets and liabilities of production and operation businesses held by Sinopec Group Asset Management Co., Ltd. at a price of 4.432 billion yuan; Yizheng Chemical fiber, a wholly-owned subsidiary of Sinopec, plans to purchase equity assets, non equity assets and liabilities of production and operation businesses held by Sinopec Asset Management Co., Ltd. at the price of RMB 1.143 billion; Sinopec plans to purchase non equity assets and liabilities of production and operation business held by Sinopec Beijing Yanshan Petrochemical Co., Ltd. at the price of 1.474 billion yuan. This related party transaction is the purchase of assets and equity related to production and operation businesses such as thermal power, water and PBT resin of Sinopec related parties.

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