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

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(Reuters) – China Petroleum (NYSE:SNP) 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 (NYSE:SHI), said its board had already approved the de-listing of ADSs from the LSE, which are intended to take effect on Nov. 1.