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China’s Sinopec intends to de-list ADSs from London Stock Exchange
(Reuters) – China Petroleum 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, said its board had already approved the de-listing of ADSs from the LSE, which are intended to take effect on Nov. 1.
(Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu Sahu)
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