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CAO eyes more acquisitions

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

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."

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