China National Petroleum Corporation has announced a comprehensive tender offer for shares of Liaohe Jinma Oilfield Co., Ltd. The offer price is set at 8.80 yuan per share for 200 million shares, representing 18.18% of the total share capital. The purpose of the acquisition is to terminate the listing status of Liaohe Oilfield. The tender offer period is from November 15, 2005, to December 14, 2005.
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| Share Type | Offer Price | Number of Shares Offered | Percentage of Total Share Capital |
|---|---|---|---|
| Circulating Shares | 8.80 yuan/share | 20,000,000 shares | 18.18% |
The purpose of this tender offer is to terminate the listing status of Liaohe Oilfield.
Tender offer period: November 15, 2005 – December 14, 2005.
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