CPEC(SH:600339) Sou Hu Cai Jing·2026-01-05 20:10Core Viewpoint - China Petroleum Engineering Corporation (中油工程) is planning to issue A-shares to a specific group, primarily to its controlling shareholder, China National Petroleum Corporation, to raise funds for oil and gas transportation projects in Iraq and the UAE, as well as to supplement working capital [1][2][3][4]. Trading Information Summary - As of January 5, 2026, the stock closed at 3.34 yuan, down 0.3%, with a turnover rate of 1.13%, a trading volume of 632,700 shares, and a transaction value of 213 million yuan [1]. - On the same day, the net outflow of main funds was 4.77 million yuan, accounting for 2.23% of the total transaction value, while retail investors saw a net inflow of 5.97 million yuan, representing 2.8% of the total transaction value [1]. Company Announcement Summary - Beijing Jindu Law Firm issued a legal opinion confirming that China Petroleum Engineering Corporation meets the conditions for issuing A-shares to specific entities. The issuance has been approved by the board of directors, shareholders, and the controlling shareholder, with a price set at 3.52 yuan per share [1]. - The financial report and audit report from ShineWing Certified Public Accountants confirmed that the financial statements of China Petroleum Engineering Corporation for the year 2024 fairly reflect its financial status and operating results [1]. Fundraising Details - The issuance aims to raise no more than 5.896 billion yuan, with the funds allocated for oil and gas transportation projects in Iraq and the UAE, as well as for working capital [2][3][4]. - The number of shares to be issued is capped at 1,674,944,241 shares, with a lock-up period of 36 months [2][5].