Thursday, December 27, 2007

Chinesepod - Energy: Sinopec to resume trading

BIZCHINA / Biz Media Digest

Energy: Sinopec to resume trading

(Reuters)
Updated: 2006-09-28 16:20

Sinopec Corp. Asia's largest oil refiner, plans to resume trading on
October 10 after it received shareholder approval to convert
non-tradable, state-held shares into regular shares tradable on stock
markets.

The company's A-shares, including 784 million bounus shares, would resume
trading on the Shanghai Stock Exchange after a week-long national holiday
in China's equity market, the company said in a statement published in
the official China Securities Journal.

Sinopec's Shanghai-listed A-shares have been suspended since Sept. 15,
while the company awaited approval to convert non-tradable, state-held
shares into regular shares tradable into stock market.

(For more biz stories, please visit Industry Updates)

Alibaba is the largest B2B marketplace in the world. Source model ship,
wooden puzzle, one-piece toilet, RC hovercraft, photo album, prom dress,
pocket bike, Vaginal Speculum, Samurai Sword, String Panty and PVC Pipe.

Chinesepod

No comments: