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CHK Oil ( (HK:0632) ) has issued an announcement.
CHK Oil Limited announced that during its Special General Meeting held on March 21, 2025, an ordinary resolution was passed by independent shareholders. The resolution approved a loan settlement agreement with Xin Hua Petroleum, allowing for the capitalisation of a HK$5,000,000 loan through the issuance of 12,048,192 new shares at HK$0.415 each. This decision reflects the company’s strategic financial management and strengthens its capital structure, potentially impacting its market positioning and shareholder value.
More about CHK Oil
CHK Oil Limited is a company incorporated in Bermuda, operating within the oil industry. Its primary focus is on oil-related financial agreements and transactions, particularly involving capitalisation and share issuance.
YTD Price Performance: -21.30%
Average Trading Volume: 11,778,176
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$360M
Find detailed analytics on 0632 stock on TipRanks’ Stock Analysis page.