On the Record · China Petroleum & Chemical

China Petroleum & Chemical acquisitions, on the record

The businesses China Petroleum & Chemical bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
50% equity interest in Shanghai SECCO Petrochemical Company Limited Word for word“On October 26, 2017, Gaoqiao purchased 50% equity interest in Shanghai SECCO from BP Chemicals East China Investment Limited with a cash consideration of RMB 10,135 million.” 20-F for 2019	acquisition	On October 26, 2017	cash consideration of RMB 10,135 million
Sinopec Zhanjiang Dongxing Petrochemical Company Limited Word for word“On April 29, 2020, Zhongke (Guangdong) Refining and Petrochemical Co., Ltd. (“Zhongke Refining”), a wholly-owned subsidiary of the Company, entered into a merger agreement with Sinopec Zhanjiang Dongxing Petrochemical Company Limited (“Zhanjiang Dongxing”), and the Company entered into a joint venture contract with Sinopec Century Bright Capital Investment Ltd. (“Century Bright Company”), pursuant to which, Zhongke Refining shall absorb and merge Zhanjiang Dongxing and, upon the completion of such transaction, Zhongke Refining will become the owner of all assets and liabilities of Zhanjiang Dongxing and will assume the existing businesses and personnel of Zhanjiang Dongxing with the Company and Century Bright Company holding 90.3% and 9.7% equity interest in Zhongke Refining, respectively.” 20-F for 2020	agreed acquisition	On April 29, 2020	—
thermal power, water and other business, PBT resin and other business of Yizheng Branch held by SAMC, and thermal power and other businesses held by SBJYSP Word for word“The consideration of the transaction amount to RMB 6,124 .” 20-F for 2021	agreed acquisition	—	RMB 6,124
Shanghai SECCO (15% held by Sinopec and 35% held by Gaoqiao) Word for word“Immediately after the completion of the acquisition in December 2022, Shanghai SECCO was held 50% by INEOS Shanghai, 15% by Gaoqiao, 20% by Sinopec Shanghai Petrochemical Company Ltd. and 15% by Sinopec, and Shanghai Secco ceased being a consolidated subsidiary of Sinopec.” 20-F for 2022	divestiture	December 2022	—

Read from China Petroleum & Chemical’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2023-04-28. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.