China National Chemical Corporation (ChemChina) has gained high returns on its previous acquisitions of Adisseo, Qenos and Bluestar Silicones (BSI) whose combined market value has doubled over the original investment, cnstock.com cited a senior manager with ChemChina as saying.
Speaking at the oil, gas and chemical industry going-out seminar of 2015 China Petroleum and Chemical International Conference held on Thursday, the manager disclosed that ChemChina's overseas assets totaled 66.65 billion yuan as of the end of 2014. ChemChina realized revenue of 98.72 billion yuan from its overseas business in 2014 from which profits totaled 3.44 billion yuan, he said.
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