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Sinopec News on March 7, Sinopec issued an announcement that the company plans to publicly list and transfer the Shanghai Secco Petrochemical Co.
According to public information, Shanghai Secco holds shares jointly with Sinopec, Shanghai Petrochemical and Gaoqiao Petrochemical
Shanghai Secco mainly produces ethylene, propylene, polyethylene and by-products, etc.
According to the announcement, Sinopec intends to introduce strategic investors for Shanghai Secco by transferring part of its equity in this listing and transfer, so as to improve the level of the chemical industry chain and support the company's transformation and development