SINOPEC Engineering Announces H Shares Full Circulation Plan

SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) has provided an update.

SINOPEC Engineering (Group) Co., Ltd. has announced a proposed plan to implement full circulation of its H shares, following guidelines issued by the China Securities Regulatory Commission. This involves converting 219,980,000 domestic unlisted shares held by China National Petroleum Corporation into H shares, pending necessary approvals. The conversion aims to enhance the liquidity and marketability of the company’s shares on the Hong Kong Stock Exchange, potentially impacting its market positioning and offering more flexibility for stakeholders.

More about SINOPEC Engineering (Group) Co., Ltd. Class H

SINOPEC Engineering (Group) Co., Ltd. is a joint stock limited liability company incorporated in the People’s Republic of China. It operates in the engineering sector, focusing on providing engineering services, primarily in the oil and gas industry. The company is listed on the Hong Kong Stock Exchange and is involved in projects that span across various aspects of the energy sector.

YTD Price Performance: -14.20%

Average Trading Volume: 1,861

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €3.13B

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