Key Developments: PetroChina Co Ltd (0857.HK)

0857.HK on Hong Kong Stock

8.78HKD
17 Apr 2014
Price Change (% chg)

HK$0.04 (+0.46%)
Prev Close
HK$8.74
Open
HK$8.80
Day's High
HK$8.82
Day's Low
HK$8.68
Volume
55,088,648
Avg. Vol
94,854,002
52-wk High
HK$10.44
52-wk Low
HK$7.31

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Latest Key Developments (Source: Significant Developments)

Pomerantz Law Firm Investigates Claims On Behalf of Investors of PetroChina Co Ltd
Wednesday, 28 Aug 2013 05:29pm EDT 

Pomerantz Grossman Hufford Dahlstrom & Gross LLP announced that it is investigating claims on behalf of investors of PetroChina Co Ltd. The investigation concerns whether Petrochina and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.  Full Article

Rosen Law Firm Investigates Securities Claims Against PetroChina Co. Ltd.
Wednesday, 28 Aug 2013 03:26pm EDT 

Rosen Law Firm announced that it is investigating securities claims against PetroChina Co. Ltd. On August 27, 2013, shares of PetroChina were temporarily halted following news that three senior officials at China National Petroleum Corporation, parent of PetroChina Co., were under investigation by Chinese authorities in connection with a high-level government probe intended to root out fraud and corruption.  Full Article

Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PetroChina Co. Ltd.
Wednesday, 28 Aug 2013 08:30am EDT 

Bronstein, Gewirtz & Grossman, LLC announced that it is investigating potential claims on behalf of purchasers of the securities of PetroChina Co. Ltd. The investigation focuses on whether PetroChina and/or certain of its officers complied with the federal securities laws when making statements to investors.  Full Article

Exxon Mobil Corp To Sell Over Half Of Iraq Oilfield Stake To PetroChina Co Ltd, Pertamina-Reuters
Friday, 23 Aug 2013 06:12am EDT 

Reuters reported that Exxon Mobil Corp is selling over half of 60% holding in Iraq's West Qurna-1 oilfield project to China's energy firm PetroChina and Indonesia's Pertamina. Exxon Mobil is the operator of the giant oilfield and last year had offered to sell entire stake after a dispute with Baghdad over contracts it signed with autonomous Kurdistan, deals which the central government rejects as illegal.  Full Article

PetroChina Co Ltd Announces FY 2013 H1 Dividend Payment
Thursday, 22 Aug 2013 08:00pm EDT 

PetroChina Co Ltd announced that it will pay a cash dividend of RMB 0.16110 (pre-tax) per share to shareholders of A share for the first half of fiscal year 2013.  Full Article

PetroChina Co Ltd Declares Interim Dividend
Thursday, 22 Aug 2013 04:17am EDT 

PetroChina Co Ltd announced that the board has resolved to declare and pay to all shareholders of the Company an interim dividend of RMB0.16110 per share (inclusive of tax) for the six months ended June 30, 2013. The interim dividend of the Company will be paid to shareholders whose names appear on the register of members of the Company at the close of trading on September 11, 2013.  Full Article

PetroChina Co Ltd Announces Change of President
Sunday, 28 Jul 2013 08:00pm EDT 

PetroChina Co Ltd announced the change of President from Mr. Zhou Jiping to Mr. Wang Dongjin, effective July 28, 2013. Mr. Zhou will continue his duty as Chairman of the Board in the Company.  Full Article

PetroChina Co Ltd to Set up Joint Venture
Friday, 14 Jun 2013 08:00pm EDT 

PetroChina Co Ltd announced that it will invest its pipeline assets valued at RMB 20 billion to establish a joint venture with a Beijing-based asset management company and a Beijing-based fund. The joint venture capitalized at RMB 40 billion will be engaged in the construction of oil and gas pipelines and related technical consulting, the import and export of goods and technologies, as well as the promotion of technologies in Beijing. The Company will hold a 50% stake in the joint venture, and the Beijing-based asset management company and Beijing-based fund will hold a 50% stake collectively.  Full Article

PetroChina Co Ltd Announces FY 2012 Dividend Payment Date
Thursday, 30 May 2013 08:00pm EDT 

PetroChina Co Ltd announced that it will pay a cash dividend of RMB 0.13106 per share (pre-tax), for fiscal year 2012, to shareholders recorded on June 5, 2013. The Company's shares will be traded ex-dividend on June 6, 2013. The payment will be conducted on July 18, 2013.  Full Article

PetroChina Co Ltd Withdraws AUD185 Million Bid For Westside Corp Ltd-DJ
Tuesday, 14 May 2013 02:42am EDT 

Dow Jones reported that Westside Corp said that PetroChina Co Ltd. has withdrawn a AUD185.1 million (USD184.7 million) takeover offer for the Company. PetroChina made the indicative offer of 52 cents per Westside share back in November. WestSide said in a filing Tuesday that the Chinese company told it that it decided to pull its offer because the general situation in Australia has changed so much. No further explanation was given for the decision, which comes as a number of giant gas-export projects in Queensland experience cost blowouts due to the strength of the Australian dollar and labor shortages. The Company Said discussions with other parties potentially interested in investing in the Company, either through a gas-sales agreement, joint venture or full takeover, were continuing.  Full Article

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