Drinks Company Boss: Sinopec Investment Has 'Huge Potential'

(Beijing) – China Petroleum & Chemical Corp. (Sinopec) announced on September 14 that it chose 25 investors to help transform its sales subsidiary into a so-called mixed-share ownership company.

Sinopec’s sales subsidiary owns 30,000 gas stations, pipelines linked the stations, storage facilities and 23,000 small grocery stores. The company is worth 357.1 billion yuan.