The Zhitong Finance App learned that CNOOC Petrochemical (03983) is now up more than 5%. As of press release, it has risen 4.72% to HK$2.44, with a turnover of HK$10.4974 million.
According to the news, CNOOC Petrochemical announced that the company will hold an H share class shareholders' meeting on May 28, 2024 to review and approve the granting of general authorization to the board of directors of the company to buy back foreign shares (H shares) listed overseas during the relevant period, and to repurchase no more than 10% of the shares issued and not purchased by the company when this resolution was passed by the annual shareholders' meeting and related resolutions were passed by the class shareholders' meeting.
CNOOC Petrochemical previously announced annual results. Revenue was RMB 12.99 billion, down 9% year on year; gross profit of about RMB 2,061 billion, down 18.75% year on year; and net profit attributable to company owners was RMB 2,382 million, up 45% year on year. The proposed year-end dividend is $0.207 per share.