Sinopec Completes Exchangeable Bonds Issuance

China Petroleum & Chemical ( (HK:0386) ) has issued an update.

China Petroleum & Chemical Corporation announced the completion of the issuance of exchangeable bonds by its controlling shareholder, Sinopec Group, through its subsidiary Deep Development 2025 Limited. The issuance, which took place on the Hong Kong Stock Exchange, will not affect the company’s control, operations, or governance, ensuring stability for stakeholders while adhering to disclosure obligations.

The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.

More about China Petroleum & Chemical

China Petroleum & Chemical Corporation, also known as Sinopec, is a major player in the energy and chemical industries, primarily focusing on the exploration, production, and marketing of petroleum and petrochemical products. The company operates globally, with a significant presence in the Chinese market.

Average Trading Volume: 157,006,407

Technical Sentiment Signal: Hold

Current Market Cap: HK$696.5B

For an in-depth examination of 0386 stock, go to TipRanks’ Stock Analysis page.