Sinopec to Issue 2.8 Billion A SharesSinopec, or China Petro-Chemical Co., released Friday a letter on floating shares, which said the company will issue 2.8 billion A shares on the Shanghai Stock Exchange in the near future.The company will become China's largest listed company with a total of 86.7 billion shares traded on four bourses in Hong Kong, London, New York and Shanghai. Last year the company issued 16.78 billion H shares in overseas markets, raising US$3.5 billion. |
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