Sinopec to move some functions to Shanghai
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Wednesday, 19 Jan 2011
It is reported that China Petrochemical Corporation signed an agreement to relocate some functions of its headquarters in Beijing to Shanghai Pudong district.
The relocation would cost Sinopec a sum of CNY 10 billion. It includes the finance and settlement departments. Sinopec Group also plans to relocate some functions in its east China branches to Shanghai and acquired a plot of land in Pudong.
(Sourced from 21cbh.com)
