Sou Hu Cai Jing·2025-09-02 17:29Core Points - China National Petroleum Corporation (CNPC) announced a transfer of state-owned shares to China Mobile Communications Group Co., Ltd. [1][5] - The transfer involves 541,202,377 shares and is part of a strategic cooperation between CNPC and China Mobile [3][6] - The share transfer does not involve a takeover bid and will not change the controlling shareholder or actual controller of the company [5] Summary by Sections Share Transfer Details - The transferring party is CNPC, and the receiving party is China Mobile [3] - The number of shares being transferred is 541,202,377 [3] Impact and Background - The share transfer is aimed at deepening the strategic cooperation between CNPC and China Mobile, optimizing the company's equity structure, and achieving mutual benefits [5][6] - A strategic cooperation agreement was signed in January 2024, focusing on joint efforts in national key projects and innovation across multiple fields [6] Regulatory Aspects - The transfer requires approval from the State-owned Assets Supervision and Administration Commission of the State Council and must undergo share transfer registration procedures [5][6] - The transfer is classified as a non-compensatory transfer of state-owned equity, regulated by various government documents [6]