China Petroleum & Chemical Corp (SNP.N) Key Developments | Reuters.com
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China Petroleum & Chemical Corp (SNP.N)

SNP.N on New York Stock Exchange

69.50USD
28 Jun 2016
Change (% chg)

$2.32 (+3.45%)
Prev Close
$67.18
Open
$69.22
Day's High
$69.53
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$68.69
Volume
40,500
Avg. Vol
35,210
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$86.35
52-wk Low
$48.55

Latest Key Developments (Source: Significant Developments)

China Petroleum & Chemical announces 2015 dividend payment
Tuesday, 29 Mar 2016 08:00pm EDT 

China Petroleum & Chemical Corp:To pay cash dividend of 1.5 yuan per 10 shares (before tax) to shareholders for 2015.  Full Article

China Petroleum & Chemical to provide loan guarantee for subsidiary
Tuesday, 29 Dec 2015 07:00pm EST 

China Petroleum & Chemical Corp:Says to provide loan guarantee of 17,050 million yuan for a Inner Mongolia-based subsidiary.  Full Article

China Petroleum & Chemical appoints CFO
Monday, 28 Dec 2015 07:00pm EST 

China Petroleum & Chemical Corp:Appoints Wen Dongfen as CFO of the company, to replace Wang Xinhua who resigned from the position.  Full Article

China Petroleum & Chemical issues 2015 first tranche corporate bonds
Sunday, 22 Nov 2015 07:00pm EST 

China Petroleum & Chemical Corp:Completed to issue 2015 first tranche corporate bonds of 20 billion yuan on Nov. 20.Bond A of 13 billion yuan and bond B of 7 billion yuan.Bond A will be with a term of three years and coupon rate at 3.3 pct.Bond B will be with a term of five years and coupon rate at 3.7 pct.  Full Article

China Petroleum & Chemical announces coupon rate of 2015 first tranche of corporate bonds
Wednesday, 18 Nov 2015 07:00pm EST 

China Petroleum & Chemical Corp:Says coupon rate of 3.3 pct for the three-year corporate bonds, and coupon rate of 3.7 pct for the five-year corporate bonds.The two types of 2015 first tranche of corporate bonds are worth totally 20 bln yuan.  Full Article

China Petroleum & Chemical to issue 2015 first tranche corporate bonds
Monday, 16 Nov 2015 07:00pm EST 

China Petroleum & Chemical Corp:To issue up to 20 billion yuan worth of unsecured first tranche corporate bonds for 2015, each with par value and an issue price of 100 yuan.Bond A of 13 billion yuan and bond B of 7 billion yuan.Bond A will be with a term of three years and the interest will be paid on each Nov. 19 from 2016 to 2018.Bond B will be with a term of five years and the interest will be paid on each Nov. 19 from 2016 to 2020.Bond A maturity date Nov. 19, 2018 and bond B maturity date Nov. 19, 2020.China International Capital Corporation Limited and Goldman Sachs will serve as the main underwriters.  Full Article

China Petroleum & Chemical to issue 2015 corporate bonds
Thursday, 29 Oct 2015 08:00pm EDT 

China Petroleum & Chemical Corp:To issue no more than 50 bln yuan worth of corporate bonds for 2015, with a term of 10 years.Proceeds will be used for bank loan repayment and supplement of working capital.  Full Article

China Petroleum & Chemical to set up joint venture
Thursday, 29 Oct 2015 08:00pm EDT 

China Petroleum & Chemical Corp:To set up a joint venture with China-based petrochemical group assets management company.The joint venture will be mainly engaged in petroleum refining business, with a registration capital of 10 bln yuan.The company will hold a 55 pct stake in the joint venture.  Full Article

China Petroleum & Chemical Corp - China's graft watchdog investigates former Sinopec chairman - Reuters
Wednesday, 7 Oct 2015 08:00pm EDT 

China Petroleum & Chemical Corp:Chinese authorities have placed the governor of Fujian province, who is also the former chairman of China Petroleum and Chemical Corporation, under investigation on suspicion of "serious disciplinary violations", China's anti-graft watchdog has said - Reuters.Su Shulin had been Fujian governor since 2011 and also served as deputy Communist Party chief in Fujian, the Central Commission for Discipline Inspection said in a statement late on Wednesday - Reuters.Su was chairman of China Petroleum and Chemical Corporation, or Sinopec Corp 0386.HK, before his appointment in Fujian, one of China's wealthiest provinces on the coast across from Taiwan - Reuters.The commission did not give details about Su's suspected 'disciplinary violations'. The accusation is used regularly as a euphemism for corruption - Reuters.  Full Article

China Petroleum & Chemical announces 2015 H1 dividend payment date
Wednesday, 16 Sep 2015 08:00pm EDT 

China Petroleum & Chemical Corp:To pay a cash dividend of 0.9 yuan per 10 shares (pre-tax) to shareholders of record on Sep. 22, for 2015 H1.The company's shares will be traded ex-right and ex-dividend on Sep. 23 and the dividend will be paid on Sep. 23.  Full Article

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China orders 255 Shanghai industrial facilities to shut for G20

BEIJING China ordered at least 255 Shanghai-based industrial facilities, including part of a major oil refinery operated by Sinopec Corp, to shut for 14 days to reduce pollution ahead of the G20 summit, according to an official document reviewed by Reuters.