Stock Track | China Aviation Soars 3.95% on Sinopec-CNAF Merger Talks

Stock Track
Nov 04, 2025

China Aviation (G92.SI) stock is soaring 3.95% in pre-market trading on Tuesday, as news emerges of potential merger talks between China's largest oil refiner, Sinopec, and the nation's dominant jet fuel distributor, China National Aviation Fuel (CNAF).

According to reports, Sinopec is in discussions to take over CNAF, a move that could have significant implications for China Aviation Oil. The talks, reportedly initiated by Beijing, could see Sinopec absorbing all of CNAF's assets and operations if the tie-up goes ahead.

China Aviation Oil, which is 51% owned by CNAF, plays a crucial role in balancing domestic jet fuel supplies through importing and exporting activities. The company's stock movement reflects investor optimism about potential benefits from this high-level consolidation in China's aviation fuel sector. However, it's important to note that these talks are still in the preliminary stages, and the final outcome remains uncertain.

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