CHINESE PETROCHEMICAL FIRM TO RESTRUCTURE, OTHER HONG KONG STOCK
One of China's key petrochemical producers soon will make a public offering of stock in some of its units. Shanghai Petrochemical Complex (SPC) is the biggest of nine Chinese state enterprises hoping to list its shares on the Hong Kong stock exchange. Based in Jingshan, Shanghai province, SPC manufactures synthetic fibers, plastics, and refined products, mainly for local consumption. It also exports petrochemical feedstocks.