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The latest update is out from China Oilfield Services ( (HK:2883) ).
China Oilfield Services Limited has announced a class meeting for H shareholders to consider a special resolution granting the company’s Board a general mandate to buy back up to 10% of its domestic and overseas-listed foreign invested shares. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value, reflecting a strategic approach to adapt to market conditions and regulatory requirements.
More about China Oilfield Services
China Oilfield Services Limited is a company incorporated in the People’s Republic of China, operating in the oilfield services industry. It focuses on providing services such as drilling, well services, and marine support to the oil and gas sector.
YTD Price Performance: -11.22%
Average Trading Volume: 300
Technical Sentiment Signal: Buy
Current Market Cap: $6.85B
For detailed information about 2883 stock, go to TipRanks’ Stock Analysis page.