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China Petroleum and Chemical Corp (0386.HK), (600028.SS), the world’s biggest oil refiner by capacity, said on Monday it intended to de-list its American Depositary Shares (ADSs) trading on the London Stock Exchange (LSE).

The firm, known as Sinopec, said its board had already approved the de-listing of ADSs from the LSE, which are intended to take effect on Nov. 1.