Investors Said to Make Offers for Stakes in Sinopec's Sales Unit

(Hong Kong) – Private and non-state investors are giving China Petroleum & Chemical Corp. (Sinopec) offers to buy shares in a sales subsidiary that is part of a restructuring pilot, a source with knowledge of the matter says.

The offers are non-binding and investors can still change their prices, the source said. Private companies, including Fosun Group, are making offers.