Grant Thornton China helps SINOPEC Engineering successfully raised funds by listing in Hong Kong market

The construction arm of the Sinopec Group, SINOPEC Engineering (Group) Co., Ltd, successfully issue H-shares globally and listed on the main board of the Hong Kong Stock Exchange on 23 May 2013.

Grant Thornton China as the appointed reporting accountant and statutory auditor of SINOPEC Engineering, along with internationally renowned investment banks and law firms help SINOPEC Engineering navigate through the complexity of the highly technical and complicated listing process.

With the profound understanding of Sinopec’s structure,the engagement team of Grant Thornton China,comprised of experts from both mainland China and Hong Kong worked closely with all the top-tier international advisers according to client's desired listing date, and succesfully finished all the preparation of the listing.

SINOPEC Engineering’s IPO has exceeded stakeholder’s expectations, which was oversubscribed approximately 30 times and shares priced at HK$10.50.