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BEIJING : Rongsheng petrochemical said on Tuesday it and Saudi Aramco are in talk for the Chinese company to buy a 50 per cent stake in the Saudi firm’s refining unit SASREF.
Rongsheng is also in talks with Aramco for the Saudi oil major to buy up to a 50 per cent stake in Rongsheng’s unit Ningbo Zhongjin Petrochemical Co, the Chinese company said in a filing to the Shenzhen stock exchange, citing a memorandum of understanding signed on Tuesday.
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