Stock Market News
China’s Sinopec intends to de-list ADSs from London Stock Exchange
2022.10.02 20:22
© Reuters. FILE PHOTO: A man takes pictures near a screen displaying a view of Sinopec’s liquefied natural gas (LNG) terminal at the oil company’s booth during the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. REUTERS/F
(Reuters) – China Petroleum (NYSE:) and Chemical Corp, the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares (ADSs) trading on the London Stock Exchange (LSE).
The firm, known as Sinopec (NYSE:), said its board had already approved the de-listing of ADSs from the LSE, which are intended to take effect on Nov. 1.
