News Column

Harvest Fund Said to Issue CNY30bn Public Offering of Fund

August 25, 2014

BEIJING, August 25, SinoCast -- Harvest Fund is said to be weighing a plan to issue a CNY 30 billion public offering of fund to participate in a mixed ownership reform of China Petroleum and Chemical Corp. (Sinopec).

Sinopec said previously that with wholly-owned Sinopec Sales as a platform, it would consolidate oil product sales business. Through capital injection and stock expansion, it would introduce social and private capital.

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Source: Sinocast Energy Beat (China)

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