PetroChina acquires 56.66% stake in CNPC (HK) from parent
PetroChina<601857><857>
The Chinese oil giant said in a statement that CNPC (Hong Kong) and PetroChina will further explore potential opportunities to jointly develop city gas, vehicle fuel gas and other natural gas businesses in end-user markets upon completion of the stake sale.
PetroChina announced in August that it would spend HK$7.59 billion in acquisition of 100% stake in Sun World Ltd from CNPC. At that time, CNPC (Hong Kong) was 51.89% held by Sun World.
CNPC (Hong Kong) bought back about 415.57 million shares since Sep. 9, raising Sun World's holding in CNPC (Hong Kong) to 56.66%.
No comments:
Post a Comment