China Aviation Oil faces probe in Singapore_English

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China Aviation Oil faces probe in Singapore

CAO case "bitter medicine" for state companies

China Aviation Oil (Singapore) Corp., corporate child of the state-owned China Aviation Oil Holding Company, got involved in petroleum derivative trading, leading to losses valued roughly at 554 million US dollars. Chinese companies are forced to realize the risks contained in futures trading and learn to control possible risks within the acceptable limits.

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FOCUS NEWS
·	China Aviation Oil CEO draws fire
·	SOEs urged to be wary of financial risks
·	Sinopec vows to learn lessons from CAO's losses in futures trading
·	Aviation Oil to receive support from parent
·	CAO case "bitter medicine" for state companies

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News


·	China Aviation Oil CEO draws fire
	Minority shareholders in Singapore are calling on the chief executive of China Aviation Oil, Chen Jiulin, to return salary following massive losses.
·	SOEs urged to be wary of financial risks
	Senior officials urged State-owned enterprises (SOE) to build up capacity to help their financial officers avoid market risks. They said the role of chief
·	Sinopec vows to learn lessons from CAO's losses in futures trading
	An official of the China Petroleum and Chemical Corporation (Sinopec) said Friday that Sinopec will strengthen supervision of their trading in futures market.
·	Aviation Oil to receive support from parent
	China Aviation Oil Holding Co. (CAOHC), parent of struggling China Aviation Oil (Singapore) Corp. (CAO), said late Tuesday it would provide financial support to CAO to
·	CAO case "bitter medicine" for state companies
	A senior financial consultant said here Monday that Chinese state-owned companies should take lessons from the latest case of China Aviation Oil (Singapore)
·	Aviation Oil granted 6-week extension
	China Aviation Oil (Singapore) Corp. was granted a six-week extension Friday for a restructuring plan following massive trading losses. Court
·	China Aviation Oil Company illegal behavior: SASAC
	China's state assets watchdog said here Friday that the derivatives trading of China Aviation Oil (Singapore) Corp. was in violation of the rules, and the
·	Chinese executive faces probe in Singapore
	Police detained the suspended chief executive of China Aviation Oil's subsidiary in Singapore after he returned to the city-state Wednesday, following the

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