Today, there are Hong Kong stocks that have staged a violent rise, doubling the market every day.
The opening doubled
At one point, it soared 174%
Hong Kong stocks today,
After the opening of the market in the morning, the stock price quickly doubled, followed by the highest intraday increase of 174.81%, as of the press release, the stock price is still doubled, the latest market value of 920 million Hong Kong dollars, today's trading volume reached 200 million.
This huge increase has aroused market attention and attracted many retail investors to chase higher.
According to the data of Futu Securities, from the perspective of funds, the net purchase account mainly comes from Futu Securities.
At the same time, many shareholders said that they were chasing high.
In fact, there are indeed high chasers who lose more than 25% in 1 hour.
Wind market data shows that in the 49 minutes from 14:21 to 15:09, the stock quickly fell back more than 27%.
There were a lot of deals during the period.
Or obtain a general offer of state-owned assets
Why the sudden surge? On the eve of the violent rise in stock prices,
According to the announcement,
The announcement also mentions that
However, the announcement stressed that as of the announcement date, the two parties have not entered into a formal subscription agreement and are currently in the stage of negotiation, so there is still uncertainty about the transaction.
The announcement said that the above transaction is part of the company's debt restructuring work, and the transaction involves consultation with the company's creditors, especially involving the acquisition of corporate bonds issued by the company by potential investors.
What is China Oil & Gas Holdings?
According to the information, China Oil & Gas Holdings Limited was listed on the main board of the Hong Kong Stock Exchange in February 2000, and the Group's core strategy is to develop oil and gas business on a global scale. At this stage, the Group's main business is natural gas and oil exploration and exploitation, mainly engaged in unconventional natural gas exploration and development, mainly coal-bed methane mining, and appropriately extending its business to the middle and lower reaches of the industrial chain. The main investment areas include: the eastern edge of the Ordos Basin and the Qinshui Basin, which is the most representative coal-bed methane production base in China. The Group aims to develop into a leading private unconventional natural gas producer among Hong Kong listed companies.
The Group, through its wholly-owned subsidiary, Wai Yuen Limited, owns a 100% interest in Orion Energy International Limited ("Aurean"). Orion has partnered with Cnpc Corporation of China (PETROChina) to explore, exploit and produce COALBED METHANE in the Sanjiao Block in Shanxi, China. The partners signed a Product Sharing Contract ("PSC"),in which Orion owns a 70% interest.
The Sanjiao CBM Project is the core business of the Group, and the Project was formally approved by the National Development and Reform Commission ("NDRC") in November 2015 as the Overall Development Plan ("ODP") of the Sanjiao CBM Project. Accordingly, the NDRC formally agreed to build a tri-LAC coal-bed methane external cooperation project. The approval represents that the Tri-Carbon Cbm Methane Project will be built according to the ODP and enter the large-scale development and production phase with a target annual production capacity of 500 million cubic meters. In July 2017, the Sanjiao COALBM Project was granted a Mining License by the Ministry of Land and Resources of the People's Republic of China, with a production scale of 500 million cubic meters of COALBM per year and a mining validity period of 25 years (from July 2017 to July 2042). At this point, the Sanjiao COALBM project has entered the development, mining and production stage from the exploration stage, and the administrative permits required in accordance with China's current laws and regulations have been completed.
According to the latest performance report of China Oil and Gas Holdings, its turnover in 2020 was about 325 million. Turnover came from sales of approximately HK$109,918,000 for the Sanjiao Coalbed Methane Project, approximately HK$207,660,000 from raw coal washing business in Qinshui Basin, Shanxi, and approximately HK$7,793,000 from Shaanxi's financial services business. Affected by the new crown pneumonia, although the Group's turnover declined during the year, due to the appropriate cost control and the business returned to normal in the second half of the year, the Overall Business Operation of the Group remained stable.
This article originated from China Fund News