Deals
Top China LPG Buyer Considers Singapore IPO for Trading Unit
- Oriental Energy took over 25% of China’s LPG imports last year
- Co.’s subsidary handles fuel trading, logistics, distribution
This article is for subscribers only.
Oriental Energy Co., China’s biggest importer of liquefied petroleum gas, is considering an initial public offering of its trading and logistics unit on the Singapore stock exchange.
The company is in discussions with the exchange and the city-state’s government about the share sale for its subsidiary Oriental Energy (Singapore) International Trading Pte., according to an official at Nanjing-based Oriental. Other locations are being considered for the planned IPO including Hong Kong, said the official, who ask not to be identified due to company policy.