Summary by Moomoo AI
PetroChina announced that its wholly-owned subsidiary Daqing Oilfield signed a acquisition agreement with Daqing Oilfield Management Bureau and CNOOC Electric Power on August 26, 2024, agreeing to acquire 100% equity of CNOOC Electric Power for RMB 5,979.2761 million. After this acquisition, CNOOC Electric Power will become an indirectly wholly-owned subsidiary of PetroChina, and its financial performance will be included in PetroChina's financial statements. According to the listing rules of the Hong Kong Stock Exchange, this acquisition constitutes a connected transaction. China Securities Co., Ltd. is the financial advisor for the acquisition, and the asset evaluation is conducted by Beijing Zhongqi Huaziyuan Asset Evaluation Co., Ltd. The evaluation report shows that the total equity of CNOOC Electric Power is valued at RMB...Show More