HONG KONG -- The expulsion of CNOOC, a unit of a Chinese state-owned oil major, from the U.S. stock market had a "profound impact" on the company's share price, CEO Xu Keqiang said on Tuesday.
The company's endeavor to go public in Shanghai under a "homecoming" listing is intended to help CNOOC recover from the damage and seek a fresh funding channel, Xu said.
