Summary by Moomoo AI
According to the announcement made on 10 November 2023, the controlling shareholder of China Petrochemical Corporation (“China Petrochemical”), the holding shareholder of China Petrochemical Group Limited (“China Petrochemical Group”), expressed confidence in the prospects for the future development of China's petrochemicals and plans to increase China Petrochemical Group within 12 months based on its confidence in the prospects for the future development of China's petrochemicals The amount of the A shares and H shares will be increased by not less than RMB 10 billion and not more than RMB 20 billion. As of January 19, 2024, China Petroleum Group and its wholly-owned subsidiaries have accumulated 209,026,856 shares of China Petroleum, representing 0.18% of the total issued shares, with a cumulative increase of RMB885,160,038.35. Of these, 80,454,856 shares of...Show More