China's Sinochem Energy files for $2b Hong Kong listing

China's Sinochem Energy files for $2b Hong Kong listing

Photo: Reuters

Sinochem Energy, a unit of China’s state-owned Sinochem Group, has filed for a Hong Kong initial public offering (IPO) of about $2 billion, as the group seeks to raise capital amid a shift to higher-value businesses, including petrochemicals production.

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