HONG KONG (AFX-ASIA) – China Petroleum & Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP), the listed petrochemical unit of China’s petrochemical group, said it will buy ethylene assets from its state-owned parent for 3.3 billion yuan. (US$1=8.27 yuan). Sinopec said in a statement that it will pay 1.65 billion yuan in cash by…

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