HONG KONG -- Chinese state-owned oil company CNOOC has priced its Shanghai stock sale at a premium of 14% to its trading price in Hong Kong, a comparatively narrow price gap that may help boost investor interest.
Markets
CNOOC sets $4.4bn Shanghai share sale at small premium to Hong Kong
Narrow price gap could boost investor interest in 'homecoming' offering
CNOOC's CEO has said the company's ejection from the NYSE has had a “profound impact” on its shareholding structure. © Reuters
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