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Sinopec Falls as Retail-Unit Stake Price Is Lower Than Estimated

China Petroleum & Chemical Corp. fell the most in 19 months in Hong Kong after saying it will sell a stake in its fuel-retailing business for 107 billion yuan ($17.5 billion), a price lower than analysts estimated.

The shares of Asia’s top refiner declined 5.5 percent to HK$7.35, the lowest since at least Feb. 5, 2013, as of the noon trading break in Hong Kong. The benchmark Hang Seng Index dropped 0.8 percent.