CPEC(SH:600339) Sou Hu Cai Jing·2025-08-29 09:24Core Viewpoint - China National Petroleum Engineering Co., Ltd. (中油工程) plans to raise up to 5.913 billion RMB through a private placement of A-shares, aimed at funding oil and gas storage and transportation projects and supplementing working capital [1] Group 1: Fundraising Details - The total amount to be raised is not more than 5.913 billion RMB, including the principal amount [1] - The net proceeds after deducting issuance costs will be allocated to oil and gas storage and transportation engineering projects and to supplement working capital [1] - The shares will be issued at a price of 3.53 RMB per share, with a total of 1,674,944,241 shares to be issued, not exceeding 30% of the company's total share capital prior to the issuance [1] Group 2: Issuance Structure - The shares will be issued as ordinary shares (A-shares) with a par value of 1.00 RMB each [1] - The issuance will be conducted through a private placement to a specific group, which is China National Petroleum Corporation (中国石油集团), the controlling shareholder [1] - The subscription will be fully paid in cash by the issuance target, which constitutes a related party transaction [1] Group 3: Control and Ownership - The controlling shareholder and actual controller of the company will remain China National Petroleum Corporation after the issuance [1] - The State-owned Assets Supervision and Administration Commission of the State Council holds 100% equity in China National Petroleum Corporation, which is the ultimate controlling entity [1]