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)
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