Chinese firm Haiwen & Partners has completed a full
house of the year's significant Chinese privatizations with its
role on the Sinopec offering. China Petroleum and Chemical
Corporation, otherwise known as Sinopec, raised $3.47 billion
through a global offering.
The deal (along with China Mobile, which is yet to launch,
see page 9) wraps up the leading Chinese offerings for 2000.
The other two deals were China Unicom and PetroChina.
Underwriters Morgan Stanley chose the same team as they had
used for the China Unicom deal: Davis Polk, Slaughter and May,
and Commerce and Finance. Simmons & Simmons were also