China Aviation Oil (Singapore) Corp. Ltd
SIN:C47 ISIN:SG1T06929205
China Aviation Oil (Singapore) Corp. Ltd is engaged in jet fuel supply and investment holdings in oil-related businesses. The Company offers clean petroleum products, such as jet fuel, gasoil and naphtha. The Company’s subsidiaries include Greater China Travel Industry (Singapore) Pte Ltd, China Aviation Oil Spain, S.A., China Aviation Oil Xinyuan Petrochemicals Co. Ltd (Xinyuan) and CAOT Pte Ltd. In September 2007, the Company announced that its wholly owned subsidiary, Greater China Travel Industry (Singapore) Pte Ltd (GCTI) has been dissolved. In September 2007, the Company also announced that China Aviation Oil Spain, S.A. (CAO Spain), a wholly owned subsidiary of the Company, has been dissolved. During the year ended December 31, 2007, the Company disposed of its equity interest of 41% in China Aviation Oil Xinyuan Petrochemicals Co. Ltd.
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Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.
Asian major indexes were higher Friday after a late-day recovery in the U.S. market. Japan's Nikkei 225 closed up 0.96%, while Korea's Kospi ended 0.5% higher. Shanghai Composite surged 3% to over 2300 points, Hong Kong's Hang Seng Index added 2.47% and Taiwan's main index up 2.1%.
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