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FINANCIAL NEWS
Qatari firms, Chinese Dongming sign transaction deal
29 Mar 2015
(MENAFN) Chinese Shandong Dongming Petrochemical Group signed a transaction deal with Suhaim Bin Hamad Enterprise Group and Qattra Investment and Development Group (QID), The Peninsula Qatar reported.
The transaction allows the Qatari partner to acquire equity interest in the Chinese Group. The Chinese group owns and runs the biggest private Chinese oil plant with complete oil and gas integrated infrastructure.
The Chinese Group has assets with an estimated worth of USD4.11 billion and its witnessing a huge growth with an annual turnover of USD3.29 billion. The firm is ranked 179 among the top500 Chinese firms through 2012-2013.
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