Petrochina pumps up the war chest

Hong Kong and New York listed Petrochina raised HK$18.98 billion ($2.43 billion) yesterday (Wednesday) from the sale of a 3.164 billion share deal via Citigroup, Deutsche Bank and Goldman Sachs. The deal was priced at HK$6 per share and there is also a 351.65 million share greenshoe that could lift proceeds to HK$21.089 billion ($2.7 billion).