News 2011
#3 (69) June, 2011Xinjiang International
Chinese company Hong Kong Zhonghao Tairui Investment, subsidiary of Xinjiang International Industry, will invest capital in Shenhai Petroleum & Natural Gas in order to join to its purchase of the oil field in Kazakhstan, informs China Securities Journal.
Zhonghao Tairui has signed a Protocol on Intentions with Shenhai Petroleum and United Resources Investment Holding on increasing the charter capital in Shenhai Petroleum from 20 million Hong Kong dollars to $236 million.
After then, Shenhai Petroleum, United Resources Holding and the current shareholders of Shenhai Petroleum will have 33 %, 34 % and 33 % accordingly in Shenhai Petroleum. Shenhai Petroleum is engaged in rendering technical services and sale of oil-field equipment. United Resources Holding specialises in investment business. It is not informed about what Kazakhs field the talk is.