Sinopec Kantons Holdings Limited (“Kantons Holdings”) was built up in Bermuda in March 1998 and was recorded on the Hong Kong Stock Exchange on 25 June,1999 (Stock Code: 00934). Right now, the aggregate issued share capital of Kantons Holdings is 2,486.16 million offers of which 1,500 million offers are held by Sinopec Kantons International Limited, speaking to 60.34% and 986.16 million offers are open buoy, speaking to 39.66%.
The whole offer capital of Sinopec Kantons International Limited is held by China International United Petroleum and Chemical Co.Ltd.(Unipec), a completely possessed backup of China Petroleum and Chemical Corporation (“Sinopec”).
Sinopec Kantons Holdings Limited is a capacity, coordinations and exchanging organization with two entirely claimed backups: Sinomart KTS Development Limited and Kantons International Investment Limited. The organization’s central exercises are: operation of raw petroleum stacking and emptying, stockpiling and transportation offices, LNG sending and oil and petrochemical exchanging.
As Sinopec’s sole red-chip backup recorded in Hong Kong by a long shot, Kantons Holdings speaks to Sinopec’s broadened capital altogether. In 2010, the organization’s governing body chose the new improvement introduction of Kantons Holdings – to incorporate the organization with a “world-class petrochemical stockpiling and coordinations organization”. Because of the colossal help of Sinopec Group and our unremitting exertion, by a long shot we hold seven entirely or mutually possessed household terminal organizations, including one completely claimed organization Huade Petrochemical Co., Ltd., one 90%-possessed organization – Tangshan Caofeidian Shihua, and five half possessed organizations – Zhanjiang Port Petrochemical Jetty Co., Ningbo Shihua, Qingdao Shihua, Rizhao Shihua and Tianjin Port Shihua. We likewise have created three abroad stockpiling projects,of which Vesta has been under operation, while the other two are greenfield ventures situating in Fujairah, UAE and Batam Island, Indonesia separately. The organization additionally takes part in the LNG shipping business. Through two LNG shipping joint endeavors it claims, Kantons Holdings intends to put resources into ten LNG vessels and the related ship building work is advancing easily.
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