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CNPC Plans to Transfer 541M+ PETROCHINA A-Shrs to China Mobile Group
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PETROCHINA (00857.HK) announced that its controlling shareholder, China National Petroleum Corporation (CNPC), plans to transfer more than 541 million of its PETROCHINA A-shares (0.3% of PETROCHINA's total share capital) to China Mobile Communications Group through a state-owned share transfer. This change in shareholder equity is from the transfer of state-owned shares and doesn't involve a tender offer, nor will it result in a change in the controlling shareholder or actual controller of the company. Upon completion, CNPC's direct holding of PETROCHINA's total share capital will drop from 82.46% to 82.17% (or 82.33% if including H-shares). China Mobile Group will directly hold 0.3% (or 0.39% if including H-shares). AAStocks Financial News |
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