Core Viewpoint - Sinopec Engineering (02386) announced the signing of a share transfer agreement for the acquisition of 100% equity in East China Pipeline Design Institute, which will enhance the company's integrated EPC service capabilities and expand its market presence in emerging sectors such as hydrogen pipelines and chemical long-distance pipelines [1][2] Group 1 - The acquisition will allow East China Pipeline Design Institute to become a subsidiary of Sinopec Engineering, integrating its financial statements into the group's consolidated financial reports [1] - East China Pipeline Design Institute holds a Class A qualification in the "Oil and Gas (Offshore Oil) Pipeline Transportation" sector, which will complement the group's existing resources and enhance operational potential [1] - The transaction aims to strengthen the group's full business chain capabilities from design to procurement and construction, thereby improving its EPC service capacity [1] Group 2 - The company has established strong relationships with local owners in the Middle East Gulf markets, including Saudi Arabia, Kuwait, and the UAE, over the past 20 years [2] - The acquisition is expected to provide significant leverage for expanding the group's engineering services in local storage and transportation projects, enhancing its international market competitiveness [2] - This strategic move aims to strengthen and grow the company's overseas business operations [2]
中石化炼化工程(02386)拟收购华东管道设计院100%股权