Key Developments: PetroChina Co Ltd (PCCYF.PK)
1.09USD
12 Jun 2013
$-0.06 (-5.22%)
$1.15
$1.09
$1.09
$1.09
2,666
11,089
$1.50
$1.09
Latest Key Developments (Source: Significant Developments)
PetroChina Co Ltd to Set up Joint Venture
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
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
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 has withdrawn a AUD185.1 million (USD184.7 million) takeover offer for the Company.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
PetroChina Co Ltd Announces Appointment of Chairman
PetroChina Co Ltd announced the appointment of Mr. Zhou Jiping as Chairman of the Board, effective April 25, 2013. Full Article
PetroChina Co Ltd Still To Decide On Australia's Browse LNG-Reuters
Reuters reported that PetroChina PetroChina Co Ltd has not decided whether it will invest in the $40 billion Browse liquefied natural gas (LNG) project in western Australia. Full Article
PetroChina Co Ltd Announces Change of Accounting Auditor
PetroChina Co Ltd announced the change of its accounting auditor for fiscal year 2013 from Price Waterhouse Coopers to KPMG. Full Article
PetroChina Co Ltd Recommends Final Dividend
PetroChina Co Ltd announced that its Board recommends a final dividend of RMB0.13106 per share (inclusive of applicable tax) for 2012, which is based on 45% of the net profit of the Group for the twelve months ended December 31, 2012 after deducting the interim dividend for 2012 paid on October 24, 2012. The proposed final dividend is subject to shareholders’ review and approval at the forthcoming annual general meeting to be held on May 23, 2013. The final dividend will be paid to shareholders whose names appear on the register of members of the Company at the close of trading on June 5, 2013. Full Article
PetroChina Co Ltd Issues FY 2013 First Tranche of Corporate Bonds
PetroChina Co Ltd announced that it has issued the first tranche of corporate bonds for fiscal year 2013, worth RMB 20 billion, each with par value and an issue price of RMB 100, from March 15, 2013 to March 19, 2013. RMB 15 billion worth of bonds are with a term of five years and a fixed coupon rate of 4.47%, while RMB 5 billion part are with a term of 10 years and a fixed coupon rate of 4.88%. The interest will be paid on March 15. China National Petroleum Corporation will provide guarantee for the bonds. CITIC Securities Co., Ltd served as the main underwriter. Full Article
PetroChina Co Ltd Announces Resignation of Chairman
PetroChina Co Ltd announced the resignation of Mr. Jiang Jiemin as Chairman of the Board, effective March 18, 2013. The Company's Vice Chairman of the Board, Mr. Zhou Jiping, will serve as Acting Chairman of the Board. Full Article
PetroChina Co Ltd Announces Change Of Chief Financial Officer
PetroChina Co Ltd announced that due to transfer of Mr. Zhou Mingchun to take up the appointments of the Chief Accountant and a member of the party leadership group of China State Shipbuilding Corporation, Mr. Zhou has tendered his resignation and ceased to hold the position of the Chief Financial Officer of the Company with effect from March 14, 2013. Mr. Zhou has confirmed that he has no disagreement with the Board and is not aware of any other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board is pleased to announce that Mr. Yu Yibo has been appointed the Chief Financial Officer of the Company with effect from March 14, 2013. Full Article
PetroChina Dalian refinery blasts injure two-report
SHANGHAI, June 2 - Explosions at a PetroChina refinery in northeastern China has left two people injured and another two missing, the official Xinhua news agency said on Sunday.
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