Sinopec Group definition

Sinopec Group means China Petrochemical Corporation, a state-owned petroleum and petrochemical enterprise that was incorporated in July 1988;
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Sinopec Group. Sinopec Group Company, its subsidiaries and its associated companies and affiliates, including the Group, or where the context so requires, any two or more members of such group; “Sinopec Group 中國石油化工集團公司 (China Petrochemical Corporation), a Company” State-owned enterprise established in the PRC which holds approximately 55.06% shareholding in the issued share capital of Sinopec Corp.;
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Examples of Sinopec Group in a sentence

  • Sinopec Group is a state-owned company established in the PRC with limited liability and is wholly-owned by 國務院國有資產監督管理委員會 (the State-owned Assets Supervision and Administration Commission of the State Council*).

  • Xx. Xxxx Xx, Xx. Xxxxx Xxxxx, Xx. Xxx Xxxx, Xx. Xx Xxxxxxx and Xx. Xxxx Xxxxxx, the executive Directors, also hold other executive posts within Sinopec Group.

  • Xxx Xxxxxxxx (the related Directors) abstained from voting at the Board meeting due to their positions in Sinopec Group.

  • The rental paid was RMB4.78 million, the right-of-use assets involved are listed below: Transaction Total right-of-use assets as of 31 December 2019 (RMB 100 million) Lease of Exploration IV Drill Rig by the Group from Sinopec Group 0.44 Sinopec Ocean Petroleum Engineering Co., Ltd.

  • Sinopec Group owns related equipment manufacturing enterprises, as well as Taiping & Sinopec Financial Leasing and Pecinternational Leasing that can carry out financial leasing business.

  • The Project involves construction of crude oil storage facilities which is subject to different rules, regulations and standards prescribed by the State and Sinopec Group.

  • Clients of each of (i) Sinopec Group and its associates and (ii) the non-Sinopec Group and its associates Sinopec Group and its associates 19,204,658 64.2 68,104,733 55.8 Non-Sinopec Group and its associates 10,688,232 35.8 53,862,227 44.2 Total 29,892,890 100.0 121,966,960 100.0 The Board wishes to emphasise that the above information in relation to the representative new contracts, the total value of new contracts and backlog shall not constitute any forecast or prediction of the profits of the Group.

  • For the year ended 31 December 2019, the Group's transaction of leasing equipment from the Sinopec Group was only for the lease of Exploration IV Drill Rig.

  • Sinopec Group Company is a State-authorised investment vehicle principally engaged in oil and petrochemical business.

  • On 25 August 2020, the Company entered into the Equipment Leasing Framework Agreement with China Petrochemical Corporation, pursuant to which, the Group agreed to lease equipment to and from Sinopec Group during the period from the Agreement Effective Date to 31 December 2021.

Related to Sinopec Group

  • Group Companies means the Company and its Subsidiaries.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Ethnic Group means a group of people who identify with each other through a common heritage including language, culture, and often a shared or common religion and or ideology that stresses ancestry.

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • Parent Group has the meaning set forth in Section 8.03(c).

  • Disadvantaged Business Enterprise means a for-profit small business concern that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged individuals or, in the case of a corporation, in which 51% of the stock is owned by one or more such individuals; and whose management and daily business operations are controlled by one or more socially and economically disadvantaged individuals who own it.

  • Corporate Group means the Corporation and its Subsidiaries treated as a single consolidated entity.

  • Minority-owned business means a business concern which is at least 51% owned by one or more minority persons, or in the case of a corporation, at least 51% of the stock in which is owned by one or more minority persons; and the management and daily business operations of which are controlled by one or more of the minority individuals who own it.

  • Women Business Enterprise (WBE) as used in this policy means a business enterprise that meets all of the following criteria:

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • minority business enterprise means any small contractor or supplier of materials fifty-one percent or more of the capital stock, if any, or assets of which is owned by a person or persons: (1) who are active in the daily affairs of the enterprise, (2) who have the power to direct the management and policies of the enterprise, and (3) who are members of a minority, as such term is defined in subsection (a) of Connecticut General Statutes § 32-9n; and

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.