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Home > Latest

China Petroleum & Chemical Corporation (00386) issued 7.75 billion Hong Kong dollars of convertible bonds by its controlling shareholder.

date
14/05/2025
China Petroleum & Chemical Corporation (00386) announced that the company has received a notice from its controlling shareholder, China Petrochemical Corporation (Sinopec Group), regarding the issuance of exchangeable bonds on the Hong Kong Stock Exchange by its overseas wholly-owned subsidiary, Deep Development 2025 Limited, with Sinopec Group as the guarantor. The total amount of the bonds is 7.75 billion Hong Kong dollars, and they will be used to refinance maturing medium to long-term overseas debts, with the target stock being the company's H-shares held by Sinopec International Investments Company Limited, a wholly-owned subsidiary of Sinopec Group.
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