Sunday, July 8, 2007

Watch out for PetroChina-C1 and C3......

PetroChina Co Ltd will hold a shareholders' meeting on August 22 or 23 to vote on the company's plan for an A-share listing, the official Securities Times reported. The newspaper said the Hong Kong and US listed company will select three lead underwriters, including two foreign institutions, to prepare for the listing. No further information was provided. PetroChina announced last month that it is seeking regulatory approval for an issue of up to 4 bln class A-shares in China.

So, don't miss out on PetroChina's Call Warrants listed in Bursa Malaysia which are PetroChina-C1 and C3. You got everything to gain by buying these C1 or C3 because the PetroChina(0857.HK) price will run up prior to the listing of A-shrs in China's ShangHai Exchange. Currently, PETROCH-C1 is trading at 6.61% premium, whilst PETROCH-C3 is trading at 6.82% premium. For details, pls refer to the previous posting.

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