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Article: China: CNPC unit to spin off non-core assets.

Article from:
TendersInfo
Article date:
November 4, 2008
Copyright

Byline: manish03

CNPC Liaoyang Petrochemical Fiber Corp, a wholly-owned subsidiary of China National Petroleum Corporation (CNPC), plans to sell its entire stake in Dalian Shengya Tourism Holding Co Ltd , market sources reported.

According to Dalian Shengya's statement filed to the Shanghai Stock Exchange today, the largest shareholder of the company, CNPC Liaoyang Petrochemical Fiber Corp, will auction the 22.1 million shares, or 24.03% of the total equity in Dalian Shengya. With, its stake ...

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