Sinochem Energy paves way for up to $3bn float

Petrol Station
By John Loh
31 Jul 2018

Hot on the heels of China Tower’s $9bn Hong Kong IPO, another state-owned giant is planning a bumper share sale in the city.

Sinochem Energy filed for a listing on Monday with Morgan Stanley as left lead bank and a sponsor alongside BOC International and CLSA. The deal is expected to be launched in the fourth quarter of this year and could raise between $1bn and $3bn, said a source close ...

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