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An announcement from Sinopec Kantons Holdings ( (HK:0934) ) is now available.
Sinopec Kantons Holdings Limited announced that its joint venture, Rizhao Shihua Crude Oil Terminal Co., Ltd., has been added to the U.S. Department of the Treasury’s OFAC Specially Designated Nationals List. This inclusion may restrict Rizhao Shihua’s operations, potentially impacting Sinopec Kantons’ financial results, as the joint venture accounts for approximately 12% of the Group’s profit before income tax. The company is closely monitoring the situation and will implement responsive measures as needed, while its other operations remain unaffected.
More about Sinopec Kantons Holdings
Sinopec Kantons Holdings Limited, incorporated in Bermuda, operates in the energy sector with a focus on crude oil terminal operations and related ancillary services. The company holds a significant equity interest in Rizhao Shihua Crude Oil Terminal Co., Ltd., which is a key contributor to its financial performance.
Average Trading Volume: 2,413,489
Current Market Cap: HK$10.39B
For a thorough assessment of 0934 stock, go to TipRanks’ Stock Analysis page.