China Aviation Oil: Difference between revisions
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'''China Aviation Oil (Singapore) Corporation Ltd''' ("CAO") ({{sgx|G92}}) is the largest purchaser of [[jet fuel]] in the [[Asia Pacific]] region<ref>{{Cite news |title=Fraud alleged in oil deal between Singapore trader ZenRock and China Aviation |url=https://www.straitstimes.com/business/companies-markets/fraud-alleged-in-oil-deal-between-singapore-oil-trader-zenrock-and-china |url-status=live}}</ref> and the key supplier of imported jet fuel to the [[civil aviation]] industry of the [[People's Republic of China]] ("PRC"). CAO supplies to the three key international airport in the PRC, i.e. [[Beijing Capital International Airport]], [[Shanghai Pudong International Airport]] and [[Guangzhou Baiyun International Airport]], and accounts for more than 90% of PRC's jet fuel imports. CAO also engages in international trading of jet fuel and other [[oil]] products such as fuel oil and gas oil.<ref>{{Cite web|last=Ho|first=Jovi|date=3 February 2022|title=RHB looks past China Aviation Oil's profit warning, optimistic on gradual traffic recovery|url=https://www.theedgesingapore.com/capital/brokers-calls/rhb-looks-past-china-aviation-oils-profit-warning-optimistic-gradual-traffic|url-status=live|website=The Edge Singapore}}</ref> CAO owns investments in strategic oil-related businesses, which include [[Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd]] and [[China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd.]] |
'''China Aviation Oil (Singapore) Corporation Ltd''' ("CAO") ({{sgx|G92}}) is the largest purchaser of [[jet fuel]] in the [[Asia Pacific]] region<ref>{{Cite news |title=Fraud alleged in oil deal between Singapore trader ZenRock and China Aviation |url=https://www.straitstimes.com/business/companies-markets/fraud-alleged-in-oil-deal-between-singapore-oil-trader-zenrock-and-china |url-status=live}}</ref> and the key supplier of imported jet fuel to the [[civil aviation]] industry of the [[People's Republic of China]] ("PRC"). CAO supplies to the three key international airport in the PRC, i.e. [[Beijing Capital International Airport]], [[Shanghai Pudong International Airport]] and [[Guangzhou Baiyun International Airport]], and accounts for more than 90% of PRC's jet fuel imports. CAO also engages in international trading of jet fuel and other [[oil]] products such as fuel oil and gas oil.<ref>{{Cite web|last=Ho|first=Jovi|date=3 February 2022|title=RHB looks past China Aviation Oil's profit warning, optimistic on gradual traffic recovery|url=https://www.theedgesingapore.com/capital/brokers-calls/rhb-looks-past-china-aviation-oils-profit-warning-optimistic-gradual-traffic|url-status=live|website=The Edge Singapore}}</ref> CAO owns investments in strategic oil-related businesses, which include [[Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd]]<ref>{{Cite web|last=Lam|first=Fiona|date=30 September 2020|title=Broker's take: RHB upgrades China Aviation Oil to 'buy' as air traffic improves|url=https://www.businesstimes.com.sg/companies-markets/brokers-take-rhb-upgrades-china-aviation-oil-to-buy-as-air-traffic-improves|access-date=|website=www.businesstimes.com.sg}}</ref> and [[China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd.]] |
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Incorporated in Singapore on 26 May 1993, CAO was listed on the mainboard of the [[Singapore Exchange]] on 6 December 2001. |
Incorporated in Singapore on 26 May 1993, CAO was listed on the mainboard of the [[Singapore Exchange]] on 6 December 2001. |
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Revision as of 15:16, 17 February 2022
 | This article needs additional citations for verification. (January 2021) |
China Aviation Oil (Singapore) Corporation Ltd ("CAO") (SGX: G92 ) is the largest purchaser of jet fuel in the Asia Pacific region[1] and the key supplier of imported jet fuel to the civil aviation industry of the People's Republic of China ("PRC"). CAO supplies to the three key international airport in the PRC, i.e. Beijing Capital International Airport, Shanghai Pudong International Airport and Guangzhou Baiyun International Airport, and accounts for more than 90% of PRC's jet fuel imports. CAO also engages in international trading of jet fuel and other oil products such as fuel oil and gas oil.[2] CAO owns investments in strategic oil-related businesses, which include Shanghai Pudong International Airport Aviation Fuel Supply Company Ltd[3] and China National Aviation Fuel TSN-PEK Pipeline Transportation Corporation Ltd.
Incorporated in Singapore on 26 May 1993, CAO was listed on the mainboard of the Singapore Exchange on 6 December 2001.
The largest single shareholder of CAO is China National Aviation Fuel Group Corporation ("CNAF"), which holds about 51% of the total issued shares of CAO. A large State-owned enterprise in the PRC, CNAF is the largest aviation transportation logistics service provider in the PRC, providing aviation fuel distribution, storage and refuelling services at most of the PRC airports. BP Investments Asia Limited, a subsidiary of BP, is a strategic investor of CAO which holds 20% of the total issued shares of CAO.
References
- ^ "Fraud alleged in oil deal between Singapore trader ZenRock and China Aviation".
{{cite news}}: CS1 maint: url-status (link) - ^ Ho, Jovi (3 February 2022). "RHB looks past China Aviation Oil's profit warning, optimistic on gradual traffic recovery". The Edge Singapore.
{{cite web}}: CS1 maint: url-status (link) - ^ Lam, Fiona (30 September 2020). "Broker's take: RHB upgrades China Aviation Oil to 'buy' as air traffic improves". www.businesstimes.com.sg.
External links
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