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China Petroleum & Chemical ( (HK:0386) ) has issued an announcement.
China Petroleum & Chemical Corporation announced that its controlling shareholder, Sinopec Group, has increased its shareholding in the company by acquiring 302,004,000 H shares, representing approximately 0.25% of the total issued shares, for HKD 1,232,176,320. This move is part of a broader Shareholding Increase Plan, and the company will continue to monitor and disclose any further increases in shareholding by Sinopec Group and its concert party, which may impact the company’s market positioning and stakeholder interests.
The most recent analyst rating on (HK:0386) stock is a Hold with a HK$4.30 price target. To see the full list of analyst forecasts on China Petroleum & Chemical stock, see the HK:0386 Stock Forecast page.
More about China Petroleum & Chemical
China Petroleum & Chemical Corporation, also known as Sinopec, operates in the oil and gas industry, focusing on the exploration, production, and marketing of petroleum and petrochemical products. It is one of the largest integrated energy and chemical companies in China, with a significant market presence both domestically and internationally.
Average Trading Volume: 162,961,378
Technical Sentiment Signal: Hold
Current Market Cap: HK$696.8B
See more data about 0386 stock on TipRanks’ Stock Analysis page.