Beijing Review

Delist to D-List?

Sinopec, China Life Insurance, Aluminium Corp. of China (Chalco), PetroChina and a separate Sinopec entity, Sinopec Shanghai Petrochemical Co. Ltd. on August 12 announced they would be applying for the voluntary delisting of their American depositary shares (ADS) from the New York Stock Exchange (NYSE).

Some read the delisting announcement as a

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