BEIJING, March 27 (Reuters) - Chinese private refiner
Zhejiang Petrochemical has agreed to sell 1 billion shares in
its trading arm, Rongsheng Petrochemical , to Saudi
Arabian Oil Company's Unit, Rongsheng said on Monday.
Zhejiang Petrochemical will sell the Rongsheng shares,
equating to a 10% stake, for 24.3 yuan ($3.53) each to Aramco
Overseas Company B.V., Rongsheng said in a Shenzhen bourse
filing.
($1 = 6.8797 Chinese yuan renminbi)
(Reporting by Ella Cao and Meg Shen, and Louise HeavensEditing
by Louise Heavens)
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