Wednesday, December 15, 2010

PetroChina announced the "returnees" A feast of blue-chip shares usher.

<P>: Http:// hearing, after a long wait. .Yesterday, the nation's largest oil and gas producer PetroChina Company Limited in Hong Kong announced plans to issue 4.0 billion shares of the Shanghai Stock Exchange A share. .Since this issue first by August 10 to be the Extraordinary General Assembly for approval, so the earliest the oil around September this year to return to A shares. .</ P> <P> press release from the oil yesterday, "The proposed A Share Issue" announcement that the company was held on the 19th, a resolution the Board of Directors meeting, upon obtaining the approval of the EGM, will apply .A public offering of shares in the SSE. .According to the timetable, the company will be held August 10 EGM to seek shareholder A shares issued by the program. .One year after approval of the shareholders during the period of the offering must obtain approval of China Securities Regulatory Commission and other relevant agencies for approval before. .</ P> <P> PetroChina said the A share issue net proceeds after deducting the cost of issue for the oil within the oil and gas exploration and development, large-scale refinery and gas pipeline construction projects and acquisition of overseas oil and gas .resources. .</ P> <P> Construction Bank, PetroChina is the second announced last week after the release of A shares and an announcement of "returnees" in the H-share companies. .It is reported that China Shenhua and China Telecom will also issue A shares next. .Completion of the above four companies issued A shares, after the return of red-chip companies will start, will likely open after the A-share listed foreign companies. .</ P>.

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