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An announcement from PetroChina Company ( (HK:0857) ) is now available.
PetroChina Company Limited has announced a proposed acquisition of entire equity interests in certain target companies for a total consideration of RMB40.016 billion. This acquisition, involving connected transactions with subsidiaries of its controlling shareholder CNPC, is subject to reporting and announcement requirements under Hong Kong’s Listing Rules. The acquisition aims to enhance PetroChina’s asset portfolio and strengthen its market position, although the final terms are pending formal execution of the agreements.
The most recent analyst rating on (HK:0857) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on PetroChina Company stock, see the HK:0857 Stock Forecast page.
More about PetroChina Company
PetroChina Company Limited is a major player in the oil and gas industry, primarily engaged in the exploration, development, production, and sale of crude oil and natural gas. It operates within the People’s Republic of China and is a significant subsidiary of the China National Petroleum Corporation (CNPC), focusing on energy resources and related services.
Average Trading Volume: 126,652,623
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1708.7B
Find detailed analytics on 0857 stock on TipRanks’ Stock Analysis page.