CPC Capital responds to acquisition of Yinda Futures: to diversify financial business operations

On March 2nd, CNPC Capital disclosed the latest Investor Relations activity record. In response to investors’ questions about the reasons for and progress of acquiring Yingda Futures, CNPC Capital stated that the company’s acquisition of Yingda Futures aims to enrich its financial business layout, further deepen the integration of production, investment, and finance, enhance comprehensive financial service capabilities in the energy and chemical sectors, improve the quality and efficiency of financial services to the real economy, strengthen core functions, boost core competitiveness, and promote the company’s sustainable high-quality development. The acquisition has already received approval from the State-owned Assets Supervision and Administration Commission of the State Council and is awaiting approval of shareholder qualifications from the China Securities Regulatory Commission.

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