Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
The latest update is out from Sinopec Shanghai Petrochemical Co ( (HK:0338) ).
Sinopec Shanghai Petrochemical Company Limited has announced an investment of approximately RMB21.307 billion in a comprehensive technological transformation and quality upgrading project. The project involves shutting down 18 existing oil refining devices and installing new facilities with a capacity of 1.20 million tons of ethylene per year. This initiative is intended to align with national energy-saving and environmental protection goals, enhance the company’s production capacity for new material products, and improve its market positioning. The project is subject to shareholder approval and carries certain risks, including potential delays due to external factors.
More about Sinopec Shanghai Petrochemical Co
Sinopec Shanghai Petrochemical Company Limited is a company based in China, operating within the petrochemical industry. The company focuses on refining and chemical integration, aiming to optimize resource allocation and develop high-end chemical materials to enhance corporate competitiveness.
YTD Price Performance: -4.67%
Average Trading Volume: 36,213
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.27B
See more data about 0338 stock on TipRanks’ Stock Analysis page.
