The Business Times
SUBSCRIBERS

CAO eyes more acquisitions

China and Europe are key markets in group's bid to double its 2012 gross profits by 2020

google-preferred-sourceAdd BT as a preferred source
Published Fri, Oct 3, 2014 · 09:50 PM

    Singapore

    CHINA Aviation Oil (Singapore) Corporation (CAO), which has set out a goal to double its 2012 gross profits by 2020, is on the prowl for more acquisitions to augment its growth.

    "The investments so far are still not enough to meet our target," its chief executive Meng Fanqiu said in Mandarin in an interview. "So one focus going forward will be to increase our investments."

    china aviation oil

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More