Government of Singapore Investment Corp. has raised its stake in the Hong Kong-listed shares of China Petroleum & Chemical Corp. (0386.HK), or Sinopec, to 5.00% from 4.99%, according to a disclosure on the city's stock exchange.
GIC, Singapore's sovereign wealth fund, bought 1.77 million shares of Sinopec on Oct. 31 at an average price of HK$7.47 each, Sinopec said. The company is the Hong Kong-listed unit of state-owned oil giant China Petrochemical Corp. Full story
