China’s CNOOC Limited (NYSE: CEO, SEHK: 883) said it is investing in a shared treasury operation with its parent company, China National Offshore Oil Corporation (CNOOC), and other affiliated group companies to consolidate and improve treasury functions. CNOOC Limited’s investment of RMB450 million (US$1=RMB8.27) represents its 31.80% share of the registered capital of CNOOC Finance…
CHINA: CNOOC Limited to consolidate treasury function through joint operations with CNOOC
Posted on September 16, 2003 by EnergyAsia