Shandong Qingyuan Petrochemical Preparing for IPO

Shandong Qingyuan Petrochemical issued a notice on its website that the company is speeding up the progress of the initial public offering. One employee at Shandong Qingyuan Petrochemical confirmed the news, and sources show Shandong Qingyuan Petrochemical is preparing for the IPO of its special oil business. GF Securities, BDO China Shu Lun Pan CPAs (an accounting firm) and Grandall Law Firm jointly set up a team for the IOP in November 2018. Shandong Qingyuan Petrochemical, under Shandong Qingyuan Group, was founded in 2005. In 2010, Shandong Qingyuan Group started the construction of its special oil production base, and the construction of major facilities was finished at the end of August 2018. It is predicted that all projects at the special oil production base will be put into production in 2020 and the special oil capacity will reach 5 million tons/a.