Finance

$160bn joint revenue: China creates new energy and chemicals giant as mega-merger approved

State-owned Sinochem and ChemChina joining up to create upstream, refining and chemicals giant with $160 billion in annual revenue

Merger go-ahead: China endorses merger between Sinochem and ChemChina. Here, a man walks out of a Sinochem office building in Beijing in 2017
Merger go-ahead: China endorses merger between Sinochem and ChemChina. Here, a man walks out of a Sinochem office building in Beijing in 2017Photo: REUTERS/SCANPIX
  • Xu Yihe
Singapore
ChemChinaSinochemChinaAsia & OceaniaEast Asia
Published 1 April 2021, 08:24Updated 1 April 2021, 10:11