Sinopec spin-off seeks efficiency gains

Sinopec Engineering, a China Petrochemical spin-off, said its listing will boost its overall efficiency and profitability through its ongoing consolidation of eight subsidiaries.

The company, which was created in September, promises reasonable returns for investors through a mix of organic and inorganic growth models as some advanced technologies may be obtained through overseas acquisitions.

via Business feed http://www.scmp.com/business/companies/article/1234102/sinopec-spin-seeks-efficiency-gains