Xin Lang Ke Ji·2025-09-04 06:49Core Viewpoint - China National Petroleum Corporation (CNPC) plans to transfer 541,202,377 shares of China Petroleum (0.3% of total shares) to China Mobile Group at a transfer price of 0 yuan, aiming to deepen strategic cooperation between the two state-owned enterprises [1][3]. Group 1 - Before the transfer, CNPC held 82.46% of China Petroleum's shares; after the transfer, its stake will decrease to 82.17%, maintaining its status as the controlling shareholder [3]. - China Mobile Group will increase its stake from 0.10% to 0.39% after the transfer [3]. - The transfer is part of a strategic cooperation agreement signed in January 2024, which aims to promote national key projects and foster innovation and mutual cooperation in various fields [3]. Group 2 - The share transfer does not involve a takeover bid and will not lead to changes in the controlling shareholder or actual controller of China Petroleum [3]. - The transaction requires approval from the State-owned Assets Supervision and Administration Commission of the State Council and must complete share transfer registration procedures [3]. - The initiative is intended to optimize the equity structure of China Petroleum and achieve complementary advantages and win-win cooperation [3].