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Haier Takes Stake in Sinopec Sales(Sinocast Consumer Products Beat (China) Via Acquire Media NewsEdge) BEIJING, September 16, SinoCast -- Haier Electronics Group Co., Ltd. (SEHK: 1169) declared acquiring a 0.341% stake in Sinopec Sales under China Petroleum & Chemical Corporation (Sinopec, SHSE: 600028, SEHK: 0386 and NYSE: SNP) for CNY 1.218 billion. Haier Electronics Group has more than 30,000 sales outlets in China, which will coordinate with over 23,000 convenience stores under Sinopec Sales to further expand in third- and fourth-tier market. |