China Petroleum & Chemical Corporation (SEHK:386) (Sinopec) mulls IPO of Sinopec Marketing Company Ltd. Sinopec as mandated six banks to advise it on a restructuring of its fuels distribution unit ahead of a planned initial public offering in Hong Kong, IFR reported on Wednesday, citing people close to the deal. Sinopec tapped China International Capital Corp Ltd (CICC) , China Merchants Securities, CITIC Securities Co Ltd , Citigroup, Goldman Sachs and Morgan Stanley for the financial advisory role, added IFR, a Thomson Reuters publication. The company had invited 14 banks to pitch for the role, people close to the deal previously told Reuters. The advisers will help the unit, Sinopec Marketing Co Ltd, transition from a limited liability company, which has less than 50 shareholders, into a corporation that can have a multitude of investors and a board of directors, among other things, one person said.