Sinopec raises $3.1 billion from private H-share placement

The shares are sold to 10 investors at a 9.5% discount to yesterday’s close.
<div style="text-align: left;"> Sinopec is China's biggest oil refiner </div>
<div style="text-align: left;"> Sinopec is China's biggest oil refiner </div>
February 05, 2013

China Petroleum & Chemical Corp, commonly referred to as Sinopec, has raised HK$24.04 billion ($3.1 billion) from a private placement of new H-shares.

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