China Business News: Barclays Bank raises stake in Sinopec to 6.02%

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Barclays Bank raises stake in Sinopec to 6.02%

Jul. 24, 2009 (China Knowledge) - Barclays Bank PLC recently raised its stake in China Petroleum & Chemical Corp Ltd<600028><0386><SNP> to 6.02% from the previous 5.5%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>. HKEx said that Barclays bought 87.35 million H shares of Sinopec on Jul. 17 for HK$554 million. The average share price of the tr

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