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CHINA OILFIELD Controlling Shareholder Plans to Spend Up to RMB500M to Increase Holdings
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CHINA OILFIELD (02883.HK) announced that today (8th), the Company received a notice from CNOOC, the controlling shareholder of the Company. CNOOC plans to increase its shareholdings of A shares and H shares of the Company by itself within 12 months since the date of this announcement.

The Shareholding Increase Plan will be conducted through centralized price bidding on the system of the Shanghai Stock Exchange and through transaction on the trading system of The Stock Exchange of Hong Kong Limited, respectively, and the total amount of funds to be used for the Shareholding Increase Plan will be no less than RMB300 million (inclusive) and no more than RMB500 million (inclusive).
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