takeover offer!, page-58

Found this info on the chairman of Landbridge. I like his business partners!!! Nice link to PetroChina.

PetroChina Company Limited, is a Chinese oil and gas company and is the listed arm of state-owned China National Petroleum Corporation, headquartered in Dongcheng District, Beijing. It is China's biggest oil producer


Net Worth
$1.15 Billion

As of March 2014
Age 52
Source Of Wealth
diversified, Self Made
Residence
Rizhao, China
Citizenship
China
Ye Cheng on Forbes Lists
#1442 Billionaires
#115 in China
#1268 in 2013
#127 China Rich List

Ye Cheng chairs the Shandong Landbridge Group. The company's businesses include port logistics, petrochemicals, timber trading and real estate. Landbridge is also an investor in Rizhao Bank, located in Shandong, that has 43 branches and 1,200 employees. Chinese government-controlled giants Cnooc and China National Petroleum are among Landbridge's business partners.

The sales of the petrochemical products of Landbridge Group mainly rely on Rizhao Port Petroleum Co., Ltd and CNPC Oil Sales Co., Ltd.
CNPC OIL SALES CO., LTD., founded in 2000. is a joint venture of oil sales, jointed by Shandong Landbridge Group and CNPC. It mainly engages in the wholesale and retail of product oil including petrol, diesel fuel and paraffin. Since the company was founded, fully taking advantage of the two companies, more than 60 gas stations have been built or bought in Linyi, Weifang and Rizhao with yearly sale of product oil 600,000 tons.

Any thoughts anyone ????