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SINOPEC: Controlling Shareholder Receives RMB700M Credit Line from BOC to Repurchase A Shrs
Recommend 9 Positive 16 Negative 8 |
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SINOPEC CORP (00386.HK)(600028.SH) announced that it has recently been informed by its controlling shareholder, China Petrochemical Corporation, that in order to actively respond to and fully utilize the policy of the relevant regulatory authorities to support the share repurchase, China Petrochemical Corporation entered into a credit agreement with Bank of China. Pursuant to which, China Petrochemical Corporation obtained a credit line of RMB700 million, exclusively used for the share increase plan to overweight Sinopec's A-shares through centralized bidding. AAStocks Financial News |
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