Sinopec (SNP) is planning an IPO in Hong Kong for its newly-formed refining and petrochemical...

|By:, SA News Editor

Sinopec (SNP) is planning an IPO in Hong Kong for its newly-formed refining and petrochemical engineering unit in Q2 2013, which could raise ~$1.5B, WSJ reports. Sinopec Engineering hopes that a Hong Kong listing would raise its profile in the international market as it strives to secure more overseas engineering and construction projects.