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The Three-year Decline in Earnings Might Be Taking Its Toll on China Petroleum Engineering (SHSE:600339) Shareholders as Stock Falls 5.7% Over the Past Week
China National Petroleum Trims Direct Stake in China Petroleum Engineering
China Petroleum Engineering Corporation (600339.SH): State-owned shares to be transferred.
Gruntay November 12th | China Petroleum Engineering (600339.SH) announced that it has received a notification from the controlling shareholder of the company, China Petrochemical Corporation (referred to as 'Sinopec'), to deepen the strategic cooperation between Sinopec and PetroChina, optimize the equity structure of the company, and Sinopec and Sinopec's wholly-owned subsidiary, Sinopec International Energy Investment Co., Ltd. (referred to as 'Sinopec Guotou'), signed a share transfer agreement on November 12, 2024, in order to transfer control of the issue by the State-owned Assets Supervision and Administration Commission of the State Council (referred to as 'S"}
Sinopec Oilfield Service Corporation (600871.SH): There is currently no plan to merge with China Petroleum Engineering Corporation.
Gelonghui 11th November | Sinopec Oilfield Service Corporation (600871.SH) stated on the investor interaction platform that the company currently has no plans to merge with China Petroleum Engineering Corporation.
China Petroleum Engineering's (SHSE:600339) Returns On Capital Not Reflecting Well On The Business
China Petroleum Engineering's Q3 Profit Tanks 52%; Revenue Climbs 4%
Returns Are Gaining Momentum At China Petroleum Engineering (SHSE:600339)
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