CNOOC OPTIMISTIC ABOUT FUTURE DEVELOPMENT
AsiaInfo Services, March, 2001
AsiaInfo Services 03-07-2001 CNOOC Optimistic About Future Development BEIJING, Mar 07, 2001 (AsiaPort via COMTEX) -- The successful Hong Kong listing of Chinese offshore oil giant CNOOC demonstrates international investors' confidence in CNOOC as well as the overall economic potential of China, head of CNOOC said. In an exclusive interview with Xinhua, Wei Liucheng, chairman and CEO of CNOOC, highlighted modern management and low-cost, high- growth business model as key to the company's successful listing. Despite a fall in the benchmark Hang Seng index, the CNOOC closed its Hong Kong debut trading Wednesday at 7.00 HK dollars(89 U.S.
cents ), up from its issue price of 5.95 HK dollars. Its U.S. listing also proved successful with a close of 16.12 U.S....
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