Sinopec Kantons JV Rizhao Shihua Sells Assets for RMB2.41 Billion

Reuters02-27

<a href="https://laohu8.com/S/SNPKF">Sinopec Kantons</a> JV Rizhao Shihua Sells Assets for RMB2.41 Billion

Sinopec Kantons Holdings Limited said its 50 percent-owned joint venture, Rizhao Shihua Crude Oil Terminal Co., Ltd., has begun liquidation and will sell certain operating assets and ancillary facilities to independent third-party buyers for about RMB2.41 billion. The company said the price was based on an independent valuation and that the disposal is not a transaction for Sinopec Kantons under Hong Kong listing rules because the joint venture is not its subsidiary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinopec Kantons Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260227-12032940), on February 27, 2026, and is solely responsible for the information contained therein.

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The company said the price was based on an independent valuation and that the disposal is not a transaction for Sinopec Kantons under Hong Kong listing rules because the joint venture is not its subsidiary.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sinopec Kantons Holdings Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. 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