Sinopec Corp

China bans big shareholders from cutting stakes for next six months

China's securities regulator took the drastic step of ordering shareholders with stakes of more than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global financial markets.

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Sinopec sells $17.5 billion stake in retail unit to investors

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

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Sinopec Corp and Weatherford International already in advanced talks for joint venture

Sources told Reuters that Sinopec Corp and Weatherford International are already in advanced talks for their joint venture.

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