Sinopec Oilfield Announces Share Transfer Update

Sinopec Oilfield Service (HK:1033) has released an update.

Sinopec Oilfield Service Corporation has announced the approval of a transfer of 759,170,000 A shares, representing about 4% of its total share capital, from its controlling shareholder CPC to CNPC. This transfer, approved by SASAC, will not alter the controlling shareholder or the de facto controller of the company. Investors may find this update relevant as it reflects stability in Sinopec’s shareholding structure.

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