Sinopec Engineering prices Hong Kong’s biggest IPO this year

The Sinopec unit prices its offering towards the low end of the range to raise $1.8 billion. Retail investors are allocated 7.5% as strong demand triggers a clawback.

<div style="text-align: left;"> Sinopec is China’s biggest oil refiner </div>

May 20, 2013

Sinopec Engineering (Group) has raised HK$13.9 billion ($1.8 billion) from its Hong Kong initial public offering after fixing the price at HK$10.50 per share early Thursday morning last week, sources say.

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