China Oilfield Services' Controlling Shareholder Eyes Extension of Shareholding Increase Plan

MT Newswires Live

04/02

China Oilfield Services' (HKG:2883, SHA:601808) controlling shareholder, China National Offshore Oil Corporation, is proposing to extend its plan to increase its shareholding in the company to April 8, 2027, according to a Thursday Hong Kong bourse filing.

As of Thursday, China National Offshore Oil acquired a little over 16 million, or 0.34%, Hong Kong-listed shares in the firm for around 81 million yuan.

China National Offshore Oil, which now holds 2.43 billion, or 50.86%, shares in the firm, plans to spend between 300 million yuan and 500 million yuan to further increase its shareholding.

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