SINOPEC Engineering (Group) Co., Ltd. Class H (HK:2386) has released an update.
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SINOPEC Engineering has announced the transfer of 219.98 million shares, representing 5% of its total share capital, from its controlling shareholder, China Petrochemical Corporation, to China National Petroleum Corporation. This move aims to enhance strategic cooperation and optimize the company’s shareholding structure, without altering its controlling shareholder status. Investors are advised to exercise caution in dealing with the company’s shares.
For further insights into HK:2386 stock, check out TipRanks’ Stock Analysis page.
