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It is reported that Sinopec Petrochemical Corporation(Sinopec Group),the parent company of Sinopec Corp.(SH:600028),has acquired the subsidies approval from the government for its refining business.The specific amount of subsidies is not disclosed.Sinopec Corp.has purchased almost all re-fining assets from its parent company.
It is reported that Sinopec Petrochemical Corporation (Sinopec Group), the parent company of Sinopec Corp. (SH: 600028), has acquired the subsidies approval from the government for its refining business. The specific amount of subsidies is not disclosed. Sinopec Corp. has purchased almost all re-fining assets from its parent company.