Core Viewpoint - Sinopec Engineering (02386) has signed a share transfer agreement to acquire 100% equity of East China Pipeline Design Institute for approximately RMB 191.20 million, which is based on the income approach valuation [1] Group 1: Stock Performance - As of December 24, 2025, Sinopec Engineering's stock closed at RMB 7.51, down 0.4% from the previous trading day [1] - The stock opened at RMB 7.34, reached a high of RMB 7.62, and a low of RMB 7.34, with a trading volume of RMB 15.38 million [1] - The stock's 52-week high was RMB 7.93, and the low was RMB 4.49 [1] Group 2: Acquisition Details - The transaction involves Sinopec Engineering's wholly-owned subsidiary, Nanjing Engineering, acquiring the East China Pipeline Design Institute from a subsidiary of China Petroleum & Chemical Corporation [1] - The transaction constitutes a related party transaction, requiring compliance with reporting and announcement regulations due to the percentage exceeding 0.1% but below 5%, exempting independent shareholder approval [1] - As of August 31, 2025, the net assets of East China Pipeline Design Institute were RMB 168.44 million, with the assessed value of RMB 191.20 million [1] - The board of directors believes the transaction terms are fair and reasonable, aligning with the overall interests of the company and its shareholders [1]
中石化炼化工程（02386.HK）披露收购华东管道设计院，12月24日股价下跌0.4%