(Bloomberg) -- China Petroleum & Chemical Corp., the
nation's largest oil refiner, said it plans to sell 20 billion
yuan ($2.6 billion) of domestic bonds to help fund a Sichuan gas
project.
Shareholders will vote on the plan today, Huang Wensheng,
spokesman for Sinopec, as China Petroleum & Chemical is known,
told reporters at the company's annual general meeting in
Beijing. The project's return on investment is estimated at 14
percent, he said.
Read more at Bloomberg Emerging Markets News
nation's largest oil refiner, said it plans to sell 20 billion
yuan ($2.6 billion) of domestic bonds to help fund a Sichuan gas
project.
Shareholders will vote on the plan today, Huang Wensheng,
spokesman for Sinopec, as China Petroleum & Chemical is known,
told reporters at the company's annual general meeting in
Beijing. The project's return on investment is estimated at 14
percent, he said.
Read more at Bloomberg Emerging Markets News
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