CNOOC's Zhonghai Industrial Establishes Hainan Service Company with RMB 30 Million Capital
Recently, CNOOC (Hainan) Service Development Co. , Ltd. was established, with Xiang Dong as its legal representative and a registered capital of RMB 30 million. Business registration information shows that the company's scope of operations includes communication equipment repair, communication equipment sales, machinery sales, sales of specialized equipment for oil drilling and extraction, and instrument sales. In terms of shareholding structure, the company is wholly owned by Zhonghai Industrial Co. , a subsidiary of China National Offshore Oil Corporation (CNOOC).
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is neutral for Oilfield Equipment & Services, with intensity 10/100 and 60% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.