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China’s Sinopec intends to de-list ADSs from London Stock Exchange

Published by Uma Rajagopal

Posted on October 3, 2022

1 min read

· Last updated: February 4, 2026

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Sinopec's logo displayed at a trade event, representing the company's de-listing from the London Stock Exchange - Global Banking & Finance Review
Image showcasing Sinopec's logo at a trade fair, highlighting the company's recent announcement to de-list its American Depositary Shares from the London Stock Exchange, impacting global finance and trade dynamics.
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(Reuters) – China Petroleum and Chemical Corp, the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares (ADSs) trading on the London Stock Exchange (LSE). The firm, known as Sinopec, said its board had already approved the de-listing of ADSs from the LSE, which are intended to […]

(Reuters) – China Petroleum and Chemical Corp, the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares (ADSs) trading on the London Stock Exchange (LSE).

The firm, known as Sinopec, said its board had already approved the de-listing of ADSs from the LSE, which are intended to take effect on Nov. 1.

(Reporting by Harish Sridharan in Bengaluru; Editing by Subhranshu Sahu)

Frequently Asked Questions

What is the London Stock Exchange?
The London Stock Exchange (LSE) is one of the largest stock exchanges in the world, where shares of publicly traded companies are bought and sold. It plays a crucial role in the global financial market.
What are American Depositary Shares (ADSs)?
American Depositary Shares (ADSs) are a way for foreign companies to list their shares on U.S. stock exchanges. Each ADS represents a specific number of shares in the foreign company.
What is corporate governance?
Corporate governance involves the systems and processes that direct and control a company. It includes the practices that ensure accountability, fairness, and transparency in a company's relationship with its stakeholders.

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