Key Developments: Sinopec Shanghai Petrochemical Co Ltd (600688.SS)
6.12CNY
24 May 2013
¥0.09 (+1.49%)
¥6.03
¥6.02
¥6.12
¥6.00
5,559,076
7,171,246
¥6.74
¥4.68
Latest Key Developments (Source: Significant Developments)
Sinopec Shanghai Petrochemical Co Ltd Announces Resignation of Chairman
Sinopec Shanghai Petrochemical Co Ltd announced the resignation of Mr. Rong Guangdao as Chairman of the Board and Executive Director, effective April 19, 2013. The Company also announced the proposal of appointing Mr. Wang Zhiqing, current Vice Chairman of the Board and General Manager, as new Chairman of the Board, which will be effective after approved in General Meeting of Shareholders. Before that, Mr. Wang will serve as Acting Chairman of the Board in the Company. Full Article
Sinopec Shanghai Petrochemical Co Ltd Announces FY 2013 Q1 Net Profit Outlook
Sinopec Shanghai Petrochemical Co Ltd announced that it expects its net profit for the first quarter of fiscal year (FY) 2013 to be approximately RMB 170 million, compared to the net profit of the same period in FY 2012 (RMB -190,122,000). The Company cited its optimized product structure as the main reason for the forecast. Full Article
Sinopec Shanghai Petrochemical Co Ltd Does Not Recommend Dividend
Sinopec Shanghai Petrochemical Co Ltd announced that the board of directors of the Company does not recommend payment of a dividend for the Year. Full Article
Sinopec Shanghai Petrochemical Co Ltd to Sign Asset Leasing Contract
Sinopec Shanghai Petrochemical Co Ltd announced that it will sign an asset leasing contract with a branch of a China-based oil sales company, to lease its assets including house, buildings and ancillary facilities, berth and ancillary facilities, land use right and sea use right, at a price of up to RMB 78,251,200 per year, with a term from January 2013 to December 2013. Full Article
Sinopec Shanghai Petrochemical Co Ltd Issues FY 2012 Earnings Guidance
Sinopec Shanghai Petrochemical Co Ltd announced that for fiscal 2012, it expected to record a loss. Under China Accounting Standards for Business Enterprises, net loss attributable to equity shareholders of the Company is expected to be approximately RMB1,600 million. Full Article
Sinopec Shanghai Petrochemical Co Ltd Close To Buying Total SA's Nigeria Stakes-Reuters
Reuters reported that Sinopec Shanghai Petrochemical Co Ltd is close to buying stakes in Nigerian onshore oil blocks from French oil company Total SA worth about $2.4 billion. Full Article
Sinopec Shanghai Petrochemical Co Ltd Does Not Recommend Dividend
Sinopec Shanghai Petrochemical Co Ltd announced that the Board of Directors of the Company does not recommend payment of an interim dividend for 2012 (2011 interim: Nil). Full Article
Repsol SA Receives Authorization To Sell Its Subsidiary Amodaimi Oil Company To Sinopec Shanghai Petrochemical Co., Ltd’s Subsidiary, Tiptop Energy Ltd-Reuters
Reuters reported that the Government of Ecuador has authorized the sale of Repsol SA’s subsidiary, Amodaimi Oil Company in Ecuador to Tiptop Energy Ltd, a subsidiary of Sinopec Shanghai Petrochemical Co., Ltd. Financial details were not disclosed. Full Article
Sinopec Shanghai Petrochemical Co., Ltd Announces FY 2011 Dividend Payment Date
Sinopec Shanghai Petrochemical Co., Ltd announced that it will pay a cash dividend of RMB 0.045 per share (after tax) to shareholders of record on July 20, 2012. The Company's shares will be traded ex-dividend on July 23, 2012 and the dividend will be paid on July 27, 2012. Full Article
Sinopec Shanghai Petrochemical Co., Ltd Announces FY 2011 Dividend Payment
Sinopec Shanghai Petrochemical Co., Ltd announced that it will pay a cash dividend of RMB 0.50 per 10 shares (pre-tax) to shareholders for fiscal year 2011. Full Article
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