Sinopec Controlling Shareholder to Boost Stake; Shanghai Shares Rise 5%

MT Newswires Live

2025/04/08

China Petroleum & Chemical Corp. or Sinopec (HKG:0386, SHA:600028) controlling shareholder China Petrochemical Corp. or Sinopec Group plans to increase its shareholding by between 2 billion yuan and 3 billion yuan.

Sinopec Group holds 69.35% of the listed company's shares, the filing said.

The petrochemical company's shares jumped 5% in Shanghai during Tuesday's afternoon trading.

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