28 nov.: RBNZ Governor, Deputy Governor Quash Quantitative Easing Talk
28 nov.: China Life Insurance Buying US$50 Million in PICC Hong Kong IPO a..
28/11/2012 05:06:00

Sinopec Group's Engineering Unit Plans to Raise Around US$1.5 Billion in Hong Kong IPO - Sources

Related content
23 août - 
Sinopec - Bénéfice record au T2, bien supérieur au cons..

By Prudence Ho and Yvonne Lee

HONG KONG--China's oil giant China Petrochemical Corp., known as Sinopec Group, is planning an initial public offering in Hong Kong for its newly-formed refining and petrochemical engineering unit in the second quarter of 2013, which could raise around US$1.5 billion, four people with direct knowledge of the matter said Wednesday.

Beijing-based Sinopec Engineering (Group) Co., which was set up in September with a registered capital of 3.1 billion yuan (US$500 million), is hoping that a Hong Kong listeing could raise its profile in the international market, as it strives to secure more overseas engineering and construction projects, one of the people said.

Sinopec Engineering was created through the consolidation of eight construction and engineering subsidiaries. It has undertaken engineering projects in Kuwait, Saudi Arabia, Qatar, Kazakhstan, Nigeria, Singapore, Bangladesh.

The company has hired Citic Securities Co., JP Morgan Chase & Co. and UBS AG to handle the offering, the people said.

Write to Prudence Ho at prudence.ho@wsj.com and Yvonne Lee at yvonne.lee@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

November 27, 2012 23:06 ET (04:06 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

28 nov.: RBNZ Governor, Deputy Governor Quash Quantitative Easing Talk
28 nov.: China Life Insurance Buying US$50 Million in PICC Hong Kong IPO a..

Envoyer un commentaire

Related debate

  • 1 semaine
  • 1 mois
  • 1 an
Ingen indlæg

Annonces

Actualité la plus lue

  • 24 heures
  • 48 heures
  • 1 semaine
1
Publicis Groupe : Résultats du 1er semestre 2014
2
VALNEVA : le projet du consortium FranceCellVax sélectionné par le comité de pilotage des 34 plans de la nouvelle France industrielle
3
LE CONSORTIUM FRANCECELLVAX ANNONCE LA SELECTION DE SON PROJET PAR LE COMITÉ DE PILOTAGE DES 34 PLANS DE LA NOUVELLE FRANCE INDUSTRIELLE
4
INGENICO GROUP : Ingenico Group récompensé par Cielo pour sa compétitivité et son engagement durable au Brésil
5
CRCAM SUD RHONE ALPES : Résultats financiers au 30/06/2014

Related stock quotes

Euroinvestor dans le monde entier: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.com | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Droit d'auteur Euroinvestor A/S 2014   Mentions légales et conditions d'utilisation
Information sur les cours fournies par Interactive Data.
Les données sont différées de 15 à 20 minutes selon les accords avec les différentes bourses internationales.
 
mercredi 23 juillet 2014 03:39:57
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20140710.1 - EUROWEB5 - 2014-07-23 03:39:57 - 2014-07-23 03:39:57 - 4 - Website: OKAY