Sinopec to make $3.1 bln from H-share placement  

中国石化宣布拟进行新H股配售 每股8.45港元

记者5日凌晨从中国石化获悉，中国石化于4日发布通告：中国石油化工股份有限公司(以下简称“中国石化”)与配售代理签订协议，以配售方式发售共计2,845,234,000股新H股(“配售股份”)，价格为每股H股8.45港元。

Beijing (CNS) -- China Petroleum and Chemical Corp (Sinopec) has entered into an agreement to place more than 2.8 billion new H-Shares at a price of HK$8.45(US$1.09) each, Sinopec said Tuesday morning.

The new shares account for 14.5 percent of all its Hong Kong-listed H-shares, and 3.2 percent of the company as a whole. Sinopec is expected to raise nearly HK$24 billion (US$3.1 billion) if all the new shares are sold.

The placement is to be completed by February 14, 2013, and Sinopec said it intends to use the money raised for daily operations.

Sinopec is one of the largest integrated energy and chemical companies in China.