Shanghai Petrochemical

Sinopec Shanghai Petrochemical Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Retrieved on: 
Wednesday, April 10, 2024
Terminate, Exchange, Finance, Form, Shanghai Stock Exchange, Stock exchange, ADS, News, Shanghai Petrochemical

Sinopec Shanghai Petrochemical Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934

Key Points: 
  • Sinopec Shanghai Petrochemical Company Limited Intends to Deregister and Terminate Its Reporting Obligations Under the U.S. Securities Exchange Act of 1934
    SHANGHAI, CHINA / EQS NEWSWIRE / March 15, 2024 – Sinopec Shanghai Petrochemical Company Limited (the “Company”) (HKEX:00338)(SSE:600688) announced today that the Company intends to deregister with the United States Securities and Exchange Commission (the “SEC”) and terminate its reporting obligations under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).
  • Thereafter, all of the Company’s reporting obligations under the Exchange Act will be suspended unless the Form 15F is withdrawn or denied.
  • Deregistration and termination of the Company’s reporting obligations under the Exchange Act are expected to become effective 90 days after its filing of Form 15F.
  • This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Sinopec Closes First Bulk Agreement Transaction of China's National Carbon Market

Retrieved on: 
Thursday, July 22, 2021
Companies, H shares, Stock exchanges, Sinopec, Chaoyang District, Beijing, Shanghai Petrochemical

BEIJING, July 22, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully closed the first bulk agreement transaction of China's national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group.

Key Points: 
  • BEIJING, July 22, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully closed the first bulk agreement transaction of China's national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group.
  • Per the official transaction data disclosed by the Shanghai Environment and Energy Exchange (SEEE), it was the first bulk agreement transaction since the official launch of China's national carbon market and the only bulk agreement transaction on the day.
  • A total of 17 Sinopec's subsidiaries have their self-supply power plants included in the national carbon market, among which four companies, namely Sinopec Shengli Oilfield, Sinopec Maoming Petrochemical, Sinopec Shanghai Petrochemical and ZTHC Energy, participated in the first day of carbon trading.
  • Sinopec's pilot companies have all fulfilled their carbon quota compliance tasks in full, and accumulated extensive experience for entering the national carbon market.

Sinopec Closes First Bulk Agreement Transaction of China's National Carbon Market

Retrieved on: 
Thursday, July 22, 2021
Companies, H shares, Stock exchanges, Sinopec, Chaoyang District, Beijing, Shanghai Petrochemical

BEIJING, July 22, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully closed the first bulk agreement transaction of China's national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group.

Key Points: 
  • BEIJING, July 22, 2021 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has successfully closed the first bulk agreement transaction of China's national carbon market on July 21, purchasing 100,000 tons of carbon emission quota from China Resources Group.
  • Per the official transaction data disclosed by the Shanghai Environment and Energy Exchange (SEEE), it was the first bulk agreement transaction since the official launch of China's national carbon market and the only bulk agreement transaction on the day.
  • A total of 17 Sinopec's subsidiaries have their self-supply power plants included in the national carbon market, among which four companies, namely Sinopec Shengli Oilfield, Sinopec Maoming Petrochemical, Sinopec Shanghai Petrochemical and ZTHC Energy, participated in the first day of carbon trading.
  • Sinopec's pilot companies have all fulfilled their carbon quota compliance tasks in full, and accumulated extensive experience for entering the national carbon market.

Zhang Yuzhuo, Chairman of Sinopec: Accelerating the World-class Brand Build up to Better Lead the High-quality Development of Enterprise

Retrieved on: 
Tuesday, May 11, 2021
Companies, H shares, Physical sciences, Chaoyang District, Beijing, Sinopec, Chemical industry in China, China Petroleum Corporation, Chemical industry, China Petrochemical Corporation, Shanghai Petrochemical

b'BEIJING, May 11, 2021 /PRNewswire/ -- The "2021 China Brand Value Evaluation Information" released on May 9 amid the Fifth China Brand Day celebration, China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") ranks No.1 across the energy and chemical industry in China with a brand value of 308.59 billion yuan ($48.01 billion), a 9.491 billion yuan ($1.48 billion) growth compare to 2020.

Key Points: 
  • b'BEIJING, May 11, 2021 /PRNewswire/ -- The "2021 China Brand Value Evaluation Information" released on May 9 amid the Fifth China Brand Day celebration, China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") ranks No.1 across the energy and chemical industry in China with a brand value of 308.59 billion yuan ($48.01 billion), a 9.491 billion yuan ($1.48 billion) growth compare to 2020.
  • Brands value of its Easy Joy, Epec.com, Sinopec Lubricant Company, and Sinopec Donghai Asphalt raised significantly.\nAt the forum on China Corporate Brand Building held on May 10, Mr. Zhang Yuzhuo\'s keynote speech solemnly stated that Sinopec will accelerate to build a world-class independent brand to better lead the high-quality development of the enterprise.\nManufacturing capacity in China continues to grow and develop, showing vigorous vitality and creativity with increased number of Chinese brands going abroad.\nFor 38 years, Sinopec has emphasized on strengthening brand building and committed to bring the society cleaner, higher-end and more diverse energy and chemical products.
  • Fulfilled its brand promises with actions and responsibilities, Sinopec will continue to meet people\'s needs for better life and promote the company\'s brand value, reputation and influence.\n"Sinopec will step up in building a world-class brand, adhering to the brand value proposition of \'Innovation leads the future of the industry, creating better life with responsibility," as well as making the brand slogan of \'Cleaner Energy, Better Life\' deeply rooted in customers\' hearts, entering thousands upon thousands of households as a responsible international enterprise," said Zhang Yuzhuo, chairman of Sinopec.\nIn the future, Sinopec will Implement the brand strategy vigorously and firmly establish the concept of "quality is always one step ahead" and "every drop of oil is a promise" to highlight Sinopec\'s commitment to quality first, speeding up the promotion of brand vitality.
  • Its principal operations include the exploration and production, pipeline transportation and sale of petroleum and natural gas; the sale, storage and transportation of petroleum products, petrochemical products, coal chemical products, synthetic fiber, fertilizer and other chemical products; the import and export, including an import and export agency business, of petroleum, natural gas, petroleum products, petrochemical and chemical products, and other commodities and technologies; and research, development and application of technologies and information.\nSinopec sets \'fueling beautiful life\' as its corporate mission, puts \'people, responsibility, integrity, precision, innovation and win-win\' as its corporate core values, pursues strategies of value-orientation, innovation-driven development, integrated resource allocation, open cooperation, and green and low-carbon growth, and strives to achieve its corporate vision of building a world leading energy and chemical company.\n'