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CHK Oil ( (HK:0632) ) has provided an update.
CHK Oil Limited announced that its controlling shareholder, Xin Hua Petroleum (Hong Kong) Limited, has pledged 80,000,000 ordinary shares of the company as collateral for a non-recourse loan of approximately HK$16,000,000 from Squadron Funding Capitalization Investor SPV2025, Ltd. This move, involving about 9.20% of the company’s issued share capital, highlights a strategic financial maneuver that could impact the company’s market dynamics and shareholder interests.
The most recent analyst rating on (HK:0632) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on CHK Oil stock, see the HK:0632 Stock Forecast page.
More about CHK Oil
CHK Oil Limited is a company incorporated in Bermuda, operating within the oil industry. It primarily focuses on oil-related activities and is listed on the Stock Exchange of Hong Kong Limited.
Average Trading Volume: 11,083,339
Technical Sentiment Signal: Sell
Current Market Cap: HK$343.3M
See more data about 0632 stock on TipRanks’ Stock Analysis page.