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Allen & Overy is advising Sinopec Engineering (Group) Co. on an upcoming Hong Kong initial public offering that aims to raise as much as $2.7 billion.   Beijing-based Sinopec Engineering, a unit of state-owned oil giant China Petrochemical Corp., also known as Sinopec Group, constructs refineries and provides oilfield services. The issuer began taking orders from investors Monday and plans to list later this month.   Hong Kong partner Vivian Yiu is leading Allen & Overy’s team advising Sinopec Engineering. Kirkland & Ellis Hong Kong partners Dominic Tsun, David Zhang, Li-Chien Wong and Fan Zhang are acting for the underwriters, which include Citic Securities International, JP Morgan Chase & Co. and UBS A.G.   If completed, the IPO will be biggest in Hong Kong so far this year. The listing, which was enlarged from earlier plans to raise $1.5 billion, is being closely watched as a possible sign of revival for Hong Kong’s slumping capital markets.   Email: jseah@alm.com .


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