Sinopec Corp Cancels 106.78 Million H Shares, Trimming Issued Capital by 0.45%
Bulletin Express
Sep 18
China Petroleum & Chemical Corporation (Sinopec Corp) reported the cancellation of 106.78 million H shares on 18 September 2026, completing a series of repurchases executed between 18 June and 10 September 2026 at a volume-weighted average price of HKD 4.28 per share.
The cancellation lowered Sinopec Corp’s outstanding H-share base from 23.78 billion to 23.68 billion, representing a 0.45% reduction in issued share capital. No treasury shares were held before or after the transaction.
This latest adjustment follows the company’s earlier cancellation of 104.26 million A shares bought back between 18 June and 21 August 2026 and cancelled on 15 September 2026, underscoring ongoing capital-management initiatives.
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