China’s Sinopec intends to de-list ADSs from London Stock Exchange

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China International Fair for Trade in Services (CIFTIS) in Beijing

(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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