China: Sinopec mandates 6 banks to advise on restructuring ahead of IPO

China: Sinopec mandates 6 banks to advise on restructuring ahead of IPO

Photo: Reuters

China Petroleum and Chemical Corp (Sinopec) has mandated six banks to advise it on a restructuring of its fuels distribution unit ahead of a planned initial public offering in Hong Kong, IFR reported on Wednesday, citing people close to the deal.

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