CNPC Said to Consider Oilfield Unit Listing Via Daqing Huake

Updated on
  • Shenzhen-listed company may also be used for equipment unit
  • CNPC used backdoor-listing for engineering, finance businesses

China National Petroleum Corp., the country’s biggest oil and gas producer, may use a small-cap company called Daqing Huake Co. as a vehicle to list its oilfield services unit and avoid an initial public offering, according to people with knowledge of the situation.

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