Yizeng Chemical Fibre (simplified Chinese: 仪征化纤; traditional Chinese: 儀征化纖), full name "Sinopec Yizeng Chemical Fibre Company Limited" or short name "Yizeng", is the subsidiary company of Sinopec, which is engaged in sales and production of fibres and fibre materials on Mainland China. The headquarter of the company is located at Yizeng City, Jiangsu Province.
There have been hopes that Sinopec, Yizeng's parent company, will process share reform and privatize Yizeng Chemical Fibre and Sinopec Shanghai Petrochemical, but the plan does not finalize until this moment.
Yizeng has both A share and H share listed in Shanghai Stock Exchange and Hong Kong Stock Exchange respectively, with the greatest difference between A and H share prices currently. It also has the largest historical P/E ratio among all H shares, currently more than 200 times.
Famous quotes containing the words chemical and/or fibre:
“We are close to dead. There are faces and bodies like gorged maggots on the dance floor, on the highway, in the city, in the stadium; they are a host of chemical machines who swallow the product of chemical factories, aspirin, preservatives, stimulant, relaxant, and breathe out their chemical wastes into a polluted air. The sense of a long last night over civilization is back again.”
—Norman Mailer (b. 1923)
“You will hardly know who I am or what I mean,
But I shall be good health to you nevertheless,
And filter and fibre your blood.
Failing to fetch me at first keep encouraged,
Missing me one place search another,
I stop somewhere waiting for you.”
—Walt Whitman (1819–1892)