13.02.2012 - CIC, Sinopec consider Sunshine IPO
Sovereign wealth fund China Investment Corp (CIC) is considering investing $150 million in Canadian oil explorer Sunshine Oilsands Ltd's initial public offering in Hong Kong, said two people with knowledge of the matter. China Petroleum & Chemical Corp, or Sinopec Corp, is also considering buying about $150 million of the shares offered in the IPO, said the people, who declined to be identified. Sunshine Oilsands, based in Calgary, plans to sell about $350 million in stock to so-called cornerstone investors, the people said...............................................Full Article: Source
Print