Beijing-based Sinopec Engineering aims to list on the Hong Kong bourse on May 23.

WSJ: Sinopec Engineering's IPO Has Skeptics

Sinopec Engineering plans to start taking orders in a roadshow of presentations to investors beginning May 6.

WSJ: Sinopec Engineering's IPO Has Skeptics

Last year, Sinopec Engineering derived half of its revenue from Sinopec Group, down from 66% in in 2010, J.

WSJ: Sinopec Engineering's IPO Has Skeptics

Sinopec Engineering is still gauging investors' interest in the IPO, but some fund managers said bankers are asking for too much.

WSJ: Sinopec Engineering's IPO Has Skeptics

Sinopec Engineering is dependent on its parent, Sinopec Group, for revenue, but there are signs that it is trying to become independent, J.

WSJ: Sinopec Engineering's IPO Has Skeptics

Sinopec Engineering's smaller rival Wison Engineering Services Co.

WSJ: Sinopec Engineering's IPO Has Skeptics

Sinopec Engineering aims to price its IPO at between 10 times and 15 times estimated 2013 earnings, compared with the 10 to 11 times that the benchmark Hang Seng Index is trading at, Mr. Lo said.

WSJ: Sinopec Engineering's IPO Has Skeptics