Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, and Jiangsu Eastern Shenghong Co., Ltd. (“Eastern Shenghong”) signed on Wednesday a cooperation framework agreement to facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group Co., Ltd. (“Shenghong Petrochemical”), a wholly-owned subsidiary of Eastern Shenghong, subject to due diligence and required regulatory clearances.
Aramco and Jiangsu Eastern Shenghong have signed a cooperation framework agreement to discuss acquiring a 10 per cent strategic equity interest in Jiangsu Shenghong Petrochemical Industry Group.
Saudi Aramco set to acquire 10% stake in China s Shenghong Petrochemical as it expands refinery capacity zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Aramco, a leading integrated energy and chemicals company, and Jiangsu Eastern Shenghong have signed a deal to facilitate discussions relating to the possible acquisition by Aramco of a 10% strategic equity interest in Jiangsu Shenghong Petrochemical.