(Bloomberg) -- Shares of China Petroleum & Chemical
Corp., Asia's largest refiner, fell after Chairman Chen Tonghai
resigned. Declines may be curbed because Chen's departure may
have limited impact on the company's operations, analysts said.
The stock dropped as much as 2.5 percent to HK$8.82 and
traded at HK$8.97 at 10:33 a.m. in Hong Kong. Shanghai-traded
shares in the company, known as Sinopec, fell as much as 5.5
percent to 13.51 yuan.
Read more at Bloomberg Emerging Markets News
Corp., Asia's largest refiner, fell after Chairman Chen Tonghai
resigned. Declines may be curbed because Chen's departure may
have limited impact on the company's operations, analysts said.
The stock dropped as much as 2.5 percent to HK$8.82 and
traded at HK$8.97 at 10:33 a.m. in Hong Kong. Shanghai-traded
shares in the company, known as Sinopec, fell as much as 5.5
percent to 13.51 yuan.
Read more at Bloomberg Emerging Markets News
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