Stocks News
- Beijing News
Date: 19-Dec-2006 Sources: (Shenzhen Daily)
BEIJING Huaer Co., a unit of oil refining giant Sinopec Corp., said yesterday it had reached an initial agreement with unlisted Guoyuan Securities on Beijing Huaer's restructuring.
The Shenzhen-listed company did not elaborate in its brief statement. Shares in Beijing Huaer have been suspended from trading since mid-October. But the China Securities Journal quoted unnamed sources as saying Sinopec planned to buy out several of its listed subsidiaries and sell their shells to other companies, such as brokerages, which wanted back-door listings on the stock market.
Sponsor Results:
