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CHK Oil ( (HK:0632) ) has issued an announcement.
CHK Oil Limited has completed a connected transaction involving loan capitalisation, resulting in the issuance of new shares under a specific mandate. The transaction led to the allotment and issuance of 12,048,192 Capitalisation Shares to Xin Hua at an issue price of HK$0.415 per share, slightly altering the company’s shareholding structure. This move increases Xin Hua’s stake in the company from 67.67% to 68.12%, while public shareholders’ stake decreases marginally.
More about CHK Oil
YTD Price Performance: -24.07%
Average Trading Volume: 11,370,994
Technical Sentiment Signal: Sell
Current Market Cap: HK$351.4M
See more insights into 0632 stock on TipRanks’ Stock Analysis page.