BEIJING, September 6 (InfoChina) – Asia largest oil refiner, Sinopec (NYSE:SNP, SH: 600028) announced today that its non-tradable share holders decided to offer 2.8-for-10 bonus shares to tradable A-share holders in compensation for the right of negotiation of their shares, which is the same with its August 21’s proposed scheme for its split equity structure reform.

Sinopec’s A-shares will resume trading on Shanghai Stock Exchange on Thursday.

       Trading has been suspended since August 21, when holders of the company’s non-tradable shares began to negotiate with holders of tradable A-shares on the equity reform scheme.

       On August 28, its parent company, Sinopec Group, who controls the majority of non-tradable shares, said it paid 11.9 billion yuan in cash to take over 4.78 billion non-tradable Sinopec shares from three state asset management companies, rising its share holding in the listed Sinopec from 71.23% to 75.84%.