Sou Hu Cai Jing·2025-11-04 11:56Core Viewpoint - China Mobile's controlling shareholder, China Mobile Group, plans to transfer 41.9813 million A-shares (0.19% of total shares) to China National Petroleum Corporation (CNPC) through a state-owned share transfer, aiming to enhance strategic collaboration between the two companies in areas such as information technology and smart energy [1][2]. Group 1 - The share transfer will occur at a price of 0 yuan per share, with no monetary compensation involved [2]. - Following the transfer, China Mobile Group's ownership in China Mobile will decrease from 69.05% to 68.85%, while CNPC will hold 0.19% of the shares [2]. - The transfer requires approval from the State-owned Assets Supervision and Administration Commission of the State Council and the completion of share transfer registration [2]. Group 2 - The share transfer is part of a strategic cooperation framework between China Mobile Group and CNPC, which includes a strategic cooperation agreement signed in January 2024 to advance national key projects and foster innovation and mutual cooperation [3]. - In May, China Mobile supported CNPC in hosting a significant event related to the Kunlun large model project, showcasing its role as the project's integrator [3]. - As of November 3, China Mobile's stock rose by 0.78% to 106.62 yuan per share, with a market capitalization of 2.31 trillion yuan, while CNPC's stock increased by 4.48% to 9.56 yuan per share, with a market capitalization of 1.75 trillion yuan [3].