China National Offshore Oil Corporation (HKG:0883, SHA:600938) or CNOOC has further raised its stake in subsidiary China Oilfield Services (HKG:2883, SHA:601808), according to a Hong Kong bourse filing on Wednesday.
CNOOC purchased 410,000 A shares on the Shanghai Stock Exchange for about 4.98 million yuan and 17,858,000 H shares on the Hong Kong Stock Exchange for about 92.9 million yuan.
The latest acquisitions raised CNOOC's total stake in the company to 50.91% from 50.53%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments