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July 03, 2015 8:54 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Sinopec Sales Co., Ltd.

Company Overview

Sinopec Sales Co., Ltd. engages in distribution of refined petroleum products. The company was founded in 1985 and is based in Beijing, China. Sinopec Sales Co., Ltd. operates as a subsidiary of China Petroleum & Chemical Corp.

No.6a, Huixin East Street

Chaoyang District

Beijing,  100029

China

Founded in 1985

Phone:

86 10 6499 8828

Key Executives for Sinopec Sales Co., Ltd.

Chairman of Board of Directors and General Manager
Age: 57
Compensation as of Fiscal Year 2015.

Sinopec Sales Co., Ltd. Key Developments

Too Early To Talk About Sinopec's IPO

It is too early to talk about Sinopec Sales Co., Ltd. initial public offering (IPO). Lv Dapeng, spokesman with Sinopec said, "It's too early to talk about the initial public offering (IPO) of Sinopec Sales." The specific investment plans and IPO issue should be decided by the board of Sinopec, said Lv Dapeng., quoted by a media report.

Sinopec Sales To Reportedly Pursue IPO

China Petroleum & Chemical Corp. (SEHK:386) intends to launch an initial public offering (IPO) of Sinopec Sales Co., Ltd. The IPO will be held in Hong Kong, sources disclose. The list will fetch over $5 billion. Foreign media reports that China Petroleum plans to pick advisory banks for the IPO after Chinese Lunar New Year holiday in February, 2015.

Sinopec Sales Intends To Buy 40% Of Tibet Plateau Natural Water

Sinopec Sales Co., Ltd. intended to acquire a 40% stake in Tibet Plateau Natural Water Limited to become the latter's largest shareholder.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 23, 2014
Tibet Plateau Water Co.
 

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