Sinopec Yizheng Chemical Fibre Co Ltd<600871><1033>, a subsidiary of Sinopec Group, today announced that it plans to invest RMB 1.58 billion in a chemical project, sources reported.Forty percent of the total investment will be funded by the company's internal resources, and the remaining capital will be...
HONG KONG, Jan 7 - Sinopec Yizheng Chemical Fibre <1033.HK> said late on Tuesday it will report "a significant net loss" for 2008 due to a dropoff in demand caused by the global financial crisis....