18 May 2010 11:05 [Source: ICIS news]
The China Securities Regulatory Commission (CSRC) approved Sinopec’s fund-raising plan on 14 May, it said.
Separately, Sinopec had also received approval from shareholders to sell as much as CNY23bn of convertible bonds at the company’s annual general meeting on Tuesday, company senior vice president Zhang Jianhua was quoted by Bloomberg as saying.
The company had announced in late March a plan to raise funds for the upgrade of its refineries and construction of new petrochemical plants.
($1 = CNY6.83)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|