Core Viewpoint - Beiken Energy (002828) has announced that its application for a specific issuance of A-shares for the year 2025 has been accepted by the Shenzhen Stock Exchange, which will lead to a change in control of the company [1] Group 1: Issuance Details - The company plans to issue shares at a price of 6.54 yuan per share, with a maximum of 54 million shares to be issued to employee Chen Dong, raising a total of no more than 353 million yuan [1] - The funds raised will be used entirely for supplementing working capital and repaying debts after deducting issuance costs [1] Group 2: Control Changes - This issuance constitutes a management buyout and related party transaction, resulting in a change of control [1] - Before the issuance, Chen Pinggui controlled 14.15% of the voting rights, making him the controlling shareholder and actual controller; after the issuance, Chen Dong will hold 21.18% of the shares, becoming the new controlling shareholder [1] - Following the issuance, Chen Pinggui's shareholding will decrease to 11.15% [1] Group 3: Company Performance - Beiken Energy's main business involves oil and gas engineering technology services and exploration and development [1] - In the first half of 2025, the company achieved an operating revenue of 465 million yuan and a net profit attributable to shareholders of 13.82 million yuan [1] Group 4: Regulatory Approval - The issuance is subject to approval by the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission, indicating uncertainty regarding the successful implementation of the plan [1]

Core Viewpoint - Recent trading activity shows a decrease in southbound capital holdings in Sinopec Oilfield Service Corporation (01033.HK), with a net reduction of 770,000 shares on October 13, 2025, despite an overall net increase in the past five trading days [1][2]. Group 1: Trading Activity - On October 13, 2025, southbound capital reduced its holdings by 770,000 shares, representing a decrease of 0.10% [2]. - In the last five trading days, there were four days of net increases, totaling 9,484,000 shares [1]. - Over the past 20 trading days, there were nine days of net reductions, amounting to 7,722,000 shares [1]. Group 2: Current Holdings - As of now, southbound capital holds 795 million shares of Sinopec Oilfield Service, which constitutes 14.69% of the company's total issued ordinary shares [1][2]. Group 3: Company Overview - Sinopec Oilfield Service Corporation is engaged in providing comprehensive oil and gas engineering and technical services, operating through five divisions [2]. - The Geophysical Engineering Division offers land and marine geophysical exploration and development technical services [2]. - The Drilling Engineering Division provides design, construction, technical services, and drilling equipment for land and marine drilling [2]. - The Logging Engineering Division conducts engineering contracting and technical services for data collection, monitoring, transmission, processing, and evaluation of oil and gas wells [2]. - The Downhole Operations Engineering Division offers petroleum engineering technical services and construction [2]. - The Engineering Construction Division provides feasibility studies, design, procurement, and construction for land and marine oilfield projects [2].

Group 1 - The stock price of Beiken Energy closed at 10.13 yuan on July 31, down 0.42 yuan from the previous trading day, with a trading volume of 276,397 hands and a transaction amount of 282 million yuan [1] - Beiken Energy is primarily engaged in engineering technical services in the oil and gas exploration and development sector, covering various aspects such as drilling, cementing, and logging, with its headquarters located in Xinjiang and operations extending to major domestic oil and gas fields and some overseas markets [1] - The latest announcement indicates that former chairman Chen Dong will subscribe to 54 million shares through a private placement for 353 million yuan, at an issue price of 6.54 yuan per share, making him the new actual controller of the company with a shareholding ratio of 21.18% [1] Group 2 - The original actual controller, Chen Pinggui, will see his shareholding ratio decrease from 16.16% to 10.38% after recently completing the reduction of 6.02 million shares [1] - On July 31, the net outflow of main funds was 16.9587 million yuan, and the current asset-liability ratio of the company stands at 59.55%, with short-term borrowings amounting to 470 million yuan [1]