Wednesday, May 16, 2007

UPDATE 1-China Sinopec kills buyout talk, units' shares dive

(Reuters) - Shares in Yizheng dived as much as 12 percent after Sinopec's comments, reversing gains of as much as 9 percent in the morning.

And Shanghai Petrochemical, China's largest integrated petrochemicals firm, plummeted as much as 6 percent in the opening minutes of the afternoon session.


Read more at Reuters.com Mergers News

No comments: