Singapore Petroleum Company Limited, in short SPC, is a subsidiary of Chinese state-owned company PetroChina. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.
Sinopec Shanghai Petrochemical Co., Ltd. (hereinafter referred to as SPC) is a holding subsidiary of China Petrochemical Co., Ltd., located in Jinshan District of Shanghai, is one of the major refining-chemical integrated petrochemical companies in China, which is also an important manufacturer of refined oil products, intermediate petrochemical products,synthetic resins and synthetic fibers in China.
SPC grows out of Shanghai Petrochemical Complex which was founded in 1972. In 1993, as one of the first batch experimental State-Owned Enterprises in the standardized reform of share holding system. It was becoming the first international listed company in China, with its shares were listed on Shanghai Stock Exchange, the Stock Exchange of Hong Kong and New York Stock Exchange. In 2013, the Company completed the reform of equity separation. Now the share capital and shareholding structure of SPC are as follows: a total share capital of 10.824 billion shares, including 7.329 billion domestic listed RMB ordinary shares (A shares),accounting for 67.71%; 3.495 billion oversea listed foreign shares (H shares), accounting for 32.29% of the total share. 5.460 billion shares (A shares) held by China Petrochemical Corporation (Sinopec), accounting for 50.44% of the total shares.