(Bloomberg) -- PetroChina Co. is planning the
nation's biggest share sale this year to raise as much as $6
billion in Shanghai for overseas acquisitions, increased oil
drilling and refinery construction.
The stock rose 5 percent in Hong Kong on expectations the
revenue will help develop the nation's largest oil find in almost
50 years. Beijing-based PetroChina, which said today it plans to
offer a maximum of 4 billion shares, overtook Royal Dutch Shell
Plc as the world's second-largest oil company by market value.
Read more at Bloomberg Energy News
nation's biggest share sale this year to raise as much as $6
billion in Shanghai for overseas acquisitions, increased oil
drilling and refinery construction.
The stock rose 5 percent in Hong Kong on expectations the
revenue will help develop the nation's largest oil find in almost
50 years. Beijing-based PetroChina, which said today it plans to
offer a maximum of 4 billion shares, overtook Royal Dutch Shell
Plc as the world's second-largest oil company by market value.
Read more at Bloomberg Energy News
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