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China Petroleum & Chemical Corp (SNP)

SNP on New York Consolidated

70.07USD
27 Sep 2016
Change (% chg)

$1.20 (+1.74%)
Prev Close
$68.87
Open
$69.76
Day's High
$70.22
Day's Low
$69.65
Volume
56,849
Avg. Vol
115,198
52-wk High
$75.53
52-wk Low
$48.28

Latest Key Developments (Source: Significant Developments)

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

China Petroleum & Chemical to transfer 100 pct stake in Beijing-based engineering construction company
Wednesday, 26 Aug 2015 08:00pm EDT 

China Petroleum & Chemical Corp:To transfer 100 pct stake in a Beijing-based engineering construction company, to a Beijing-based economic and trade company.Transaction price of 854,205,200 yuan.  Full Article

China Petroleum & Chemical Corp declares interim dividend
Tuesday, 25 Aug 2015 08:00pm EDT 

China Petroleum & Chemical Corp:Declares an interim dividend for the six-month ended 30 June 2015 will be RMB 0.09 per share.To be distributed on or before 30 September 2015.  Full Article

China Petroleum & Chemical issues Q2 2015 net profit outlook
Wednesday, 8 Jul 2015 01:05am EDT 

China Petroleum & Chemical Corp:Sees net profit for the second quarter of 2015 to increase above 1,000 pct.  Full Article

China Petroleum & Chemical announces 2014 dividend payment date
Sunday, 14 Jun 2015 08:00pm EDT 

China Petroleum & Chemical Corp:To pay cash dividend of 1.1 yuan per 10 shares (before tax) to shareholders for 2014 as a record of June 18.The company's shares will be traded ex-right and ex-dividend on June 19 and the dividend will be paid on June 19.  Full Article

UPDATE 1-China Aug crude oil output drops nearly 10 pct to more than 6-yr low

* Sinopec to open new reserves if oil holds at $45-$50 -chairman (Adds details on crude output decline, crude runs and natural gas output)