HONG KONG (AFX-ASIA) – Royal Dutch/Shell Group and ExxonMobil Corp plan to sell 5.12 billion H shares, or a stake of 5.92%, in Hong Kong-listed Sinopec (386.HK) at around HK$3 each, a source said. Shell holds 1.96 billion H shares in Sinopec, representing a stake of 2.27%, and ExxonMobil 3.16 billion, or an interest of…
CHINA: Shell, Exxon plan to sell HK-listed Sinopec stakes for about HK$3/share
Posted on February 26, 2004 by EnergyAsia