UPDATE 1-Canada's Couche-Tard makes short-list in $16bln Sinopec unit sale -sources
Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China's Sinopec Sales, the world's largest fuel retail network, people familiar with the matter told Reuters.
China Petroleum & Chemical Corp Hits New 12-Month High at $100.17
Shares of China Petroleum & Chemical Corp hit a new 52-week high during mid-day trading on Wednesday , AnalystRatings.Net reports.
Sinopec Said to Develop Retail Business with Ruentex
China Petroleum & Chemical Corp, the country's largest refiner, is seeking to develop its Easy Joy convenience store business with Taiwan Ruentex Group, as the government encourages more private investment in state-owned enterprises, according to the state-run China Securities Journal.
Sinopec Said to Seek $16 Billion From Investors for Retail Unit
China Petroleum & Chemical Corp. , owner of more than 30,000 gas stations in the country, is seeking to raise 100 billion yuan selling about a one-third stake in its retail unit, people familiar with the matter said.