Core Viewpoint - Recent developments regarding Sinopec Engineering (02386.HK) focus on changes in shareholding structure and company dynamics [1] Group 1: Recent Events - Completion of H-share full circulation: On February 12, 2026, the company completed the conversion of approximately 220 million domestic shares held by China Petroleum Group into H-shares, which were listed on the Hong Kong Stock Exchange on February 13. This move may impact stock liquidity and capital structure [2] Group 2: Stock Price Movements - Shareholder reduction: On February 3, 2026, FMR LLC reduced its holdings by 315,500 shares at an average price of HKD 7.44 per share, bringing its ownership stake down to 6.99%. Future changes in shareholder equity should be monitored [3] Group 3: Company Project Progress - Strategic acquisition follow-up: On December 29, 2025, the company's wholly-owned subsidiary acquired 100% of the East China Pipeline Design Institute for a consideration of RMB 191 million, aimed at expanding into the Middle East storage and transportation engineering market. Subsequent integration and business progress should be closely observed [4]
中石化炼化工程完成H股全流通，股东减持及战略收购引关注