Chu Kong Petroleum Announces Proposed Share Premium Reduction to Offset Accumulated Losses

Reuters
07/29
Chu Kong Petroleum Announces Proposed Share Premium Reduction to Offset Accumulated Losses

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. has announced a proposed Share Premium Reduction. The company plans to apply a certain amount from its share premium account to offset accumulated losses as of December 31, 2024. The process will not affect the issued share capital, nominal value of shares, or trading arrangements. Further details will be published on the Stock Exchange and Company websites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Ltd. published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.

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