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PetroChina To Unlock Shares; Poly Real Estate Purchases Property Worth RMB1.7B
0857.HK, 600048.SH, 601857.SH, PTR, PetroChina, Poly Real Estate, Poly Real Estate Group Co., Ltd
Posted by: Li Jun on Feb 04, 2008 | 16:02
Editorial Summary
China's largest oil and gas producer PetroChina (601857.SH; 0857.HK; NYSE: PTR) will unlock one billion A-shares for public trading on Tuesday, according to a Friday filing with the Shanghai Stock Exchange. PetroChina sold four billion A-shares on the Shanghai Stock Exchange at RMB16.7 per share on November 5, 2007. Shares of PetroChina rose 8.07 percent, the biggest spike since its debut in Shanghai, to close at RMB26.39 in Shanghai on Monday.
Beijing-based Poly Real Estate Group Co., Ltd (600048.SH) has purchased properties for a total RMB1.7 billion, through its subsidiaries in Chengdu, Shanghai, Changchun and Qingdao. Shares of Poly Real Estate rose 9.47 percent to close at RMB76.54 on the Shanghai Stock Exchange on Monday.
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