China's Sinopec appoints new oil trading chief amid 2018 loss probe


file7abms1memqcpkv464r8

SINGAPORE: China's Sinopec Corp has appointed Chen Gang, acting president of its trading arm Unipec as the new managing director of the unit, three people with knowledge of the matter said.

He replaces former president Chen Bo, who was suspended in 2018 after Unipec incurred record derivatives trading losses that are the subject of an investigation.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Regional

Engine issues force Cathay Pacific to inspect A350 fleet, cancel flights
Indonesian, Malaysian troops celebrate unity at border in honour of Malaysia's National Day
Singapore proposes new law allowing police to stop bank transfers
Two Malaysians caught with RM3.7mil worth of ganja in the Maldives
Police deploy 1,250 officers for King's installation
A grand pirouette - An increasing number of middle-aged, elderly women in Japan are taking Ballet classes
Nato moving into Indo-Pacific?
Malaysian injured by falling concrete in Hong Kong's Tsim Sha Tsui
Python swallows woman whole in Indonesia
Malaysia needs time to study Asean joint visa proposal, says Home Minister

Others Also Read