Sinopec back with $10bn listing of retail arm

china oil px230
By John Loh
15 Dec 2016

China Petroleum & Chemical Corp has taken plans to list Sinopec Marketing Co out of cold storage, this time with a much bigger fundraising target of $10bn.

The state-owned oil refiner also known as Sinopec sent a request for proposals to banks this week, seeking advisers for the Hong Kong IPO of its retail marketing unit, according to bankers.

“They closed some pre-IPO funding rounds a few years back but there’s more restructuring needed before ...

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