Sinochem hires banks to manage pre-IPO stake sale: sources
Hong Kong
SINOCHEM Group, the Chinese state-owned oil and chemicals producer, has hired investment banks to arrange a stake sale to outside investors ahead of a potential initial public offering, according to people with knowledge of the matter.
The Beijing-based company is seeking to raise funds and diversify its investor base, said the people, who asked not to be identified because the information is private. Sinochem is planning a stock market listing of the entire g…
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