Beijing, August 23rd, 2010 - China Petroleum & Chemical Corp., also known as Sinopec, is studying acquisition possibilities, including buying assets from its parent and purchasing directly from the market, Chairman Su Shulin said at a media briefing in Hong Kong today, without elaborating on potential targets.
Sinopec takes a cautious stance when evaluating takeover opportunities, according to the company’s chairman. “There are a lot of acquisition opportunities, but there may not be many good ones,” Su said. - Bloomberg
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