Shareholders of two China Petroleum & Chemical Corp units rejected a plan to increase the amount of stock available on the mainland market, anticipating instead that the parent will buy out minority investors at a premium.
When shares slumped in PetroChina, Asia's most profitable company, after its stellar debut in Shanghai, mainland listing rules came under the spotlight.
Most stocks on the mainland market rose yesterday, though financial and property shares led the main index down in sync with sharp falls in Hong Kong's market.
On Dec 20, Liaoning Publishing & Media Company Ltd, one of the country's largest publishing groups, listed on the Shanghai Stock Exchange.
The Shanghai Composite Index ended 0.24 percent higher at 5497.901 points yesterday. Ten Shanghai A shares rose to their 10 percent daily limit.
For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
