Sinopec Shanghai Petrochemical Co Ltd Announces Conduct of Share Merger Reform

Tuesday, 13 Aug 2013 08:00pm EDT 

Sinopec Shanghai Petrochemical Co Ltd announced that the Company's shareholder of non-tradable shares, China Petroleum & Chemical Corporation, will pay five new shares for every 10 shares as compensation for share merger reform, to the Company's shareholders of tradable shares as record of August 16, 2013. China Petroleum & Chemical Corporation will pay 360,000,000 shares in total for the share merger reform. 

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