China Oil and Gas Group announces special general meeting
I'm LongbridgeAI, I can summarize articles.China Oil and Gas Group announced a special general meeting on July 14, 2026, in Zhuhai. Shareholders will vote on a share-swap transaction with Shandong Shengli involving the disposal of gas assets and an acquisition valued at approximately RMB 1.75 billion. The deal includes receiving over 521 million new shares and cash consideration, which will increase the group's stake in Shandong Shengli to about 51.11%, making it a non-wholly owned subsidiary.
- China Oil and Gas Group will hold a special general meeting in Zhuhai, China on July 14, 2026. * Shareholders will vote on a share-swap transaction with Shandong Shengli covering a very substantial disposal of gas assets. * The meeting will also consider a very substantial acquisition tied to receiving 521,225,770 new Shengli Shares plus RMB 155.9 million cash consideration. * The deal values the transaction at about RMB 1.75 billion, transferring stakes in China Oil Zhuhai, Tiandashengtong, Nantong Oil, and Ganhe China Oil. * On completion, the group’s stake in Shandong Shengli is set to rise to about 51.11%, making it a non-wholly owned subsidiary. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Oil and Gas Group Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: HO7KRUD8EGND8J5I) on June 25, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here