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(Bloomberg) -- China’s state-owned enterprises that plan to delist from US stock exchanges slid on Monday, as investors expected more firms to follow suit amid an auditing spat between the two nations. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetHow the US Toppled the World’s Most Powerful Gold TraderWill Housing Prices Flatten — or Collapse?Ukraine Latest: First UN Wheat Cargo Sets Sail for EthiopiaUS Lawmakers Visit Taiwan After Pelosi Trip Infuriates Chi
Yahoo Finance Live looks at several Chinese stocks reportedly scheduled to de-list from the NYSE.
China's Sinopec Corp announced a string of deals with UK-based chemical and energy group INEOS including the sale of a 50% stake in Shanghai SECCO Petrochemical for 10.5 billion yuan ($1.56 billion). The Chinese oil and gas major also said it will acquire a 50% stake for $631 million in an INEOS-owned venture based in east China that produces ABS plastic used for making automotive parts and pipes. On top of a 600,000 tonne per year ABS plant now under construction, the companies plan to add two more facilities each capable of producing of 300,000 tonnes a year, incorporating INEOS' technology, Sinopec said.