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PetroChina Co Ltd proposes establishment of wholly owned subsidiary


Monday, 12 May 2014 05:11am EDT 

PetroChina Co Ltd:Proposes to establish a wholly owned subsidiary, PetroChina Eastern Pipelines Co Ltd and to subsequently transfer its 100 pct equity interest in PetroChina Eastern Pipelines through a public tender at an equity exchange.Upon completion of the transfer, the company will cease to hold any interest in PetroChina Eastern Pipelines.The equity transfer will be conducted through a public tender at an equity exchange.