1. Money Briefs: Sinopec to revamp unit ahead of IPO

    Money Briefs: Sinopec to revamp unit ahead of IPO

    Copy Sinopec to revamp unit ahead of IPO HONG KONG • China Petroleum and Chemical Corp (Sinopec) has mandated six banks to advise it on a restructuring of its fuel distribution unit ahead of a planned IPO in Hong Kong, IFR reported yesterday, citing people close to the deal.

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