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Greater China since 1995
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Greater China since 1995
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eNews
Thailand’s Bangchak Completes HK$2.1 Billion Acquisition of Chevron’s Hong Kong Fuel Business
Background
On 30 June 2026, Bangchak Corporation Public Company Limited (“Bangchak”), one of Thailand's largest energy conglomerates, completed the acquisition of 100 percent of the issued shares in Chevron Hong Kong Limited ("CHK") from Chevron Companies (Greater China) Limited, a subsidiary of the US energy corporation Chevron Corporation. CHK’s business comprises a diversified energy portfolio, including industrial fuels, marine fuels and 31 service stations across Hong...
China Updates
China Updates : New Offshore Trust Tax Rules
The People’s Republic of China has introduced the first comprehensive tax framework regulating offshore trusts, marking a significant shift in the taxation of cross-border wealth arrangements. On 24 July 2026, the PRC Ministry of Finance (“MOF”) and State Taxation Administration (“STA”) jointly issued an Announcement on Individual Income Tax Matters for Offshore Trusts (MOF and STA Announcement [2026] No. 21), together with the procedural companion STA Announcement [2026] No. 15 (“Ne...
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