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CNOOC Controlling Shareholder Plans to Spend Max. RMB4B to Increase A-/ H-shrs in Next 12 Mths
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Based on the confidence in CNOOC (00883.HK)'s development prospects and recognition of the long-term investment value of the capital market, in order to boost investors' confidence, support the Company's sustained, healthy and stable development, and maintain the stability of the stock price, China National Offshore Oil Corporation (CNOOC Group), the actual controller of the Company, planned to increase its shareholdings in A shares and Hong Kong shares of the Company, by an amount of not less than RMB2 billion and not more than RMB4 billion within 12 months starting from today (8th), according to CNOOC's announcement.

It will be financed by the internal funds of CNOOC Group.

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