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

Reuters

Jul 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.

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.

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Further details will be published on the Stock Exchange and Company websites.\n      \n\nDisclaimer: 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.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}