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China National Petroleum plans bonds exchangeable for PetroChina stock
By Marisa Wong
Morgantown, W.Va., July 3 – PetroChina Co. Ltd. said controlling shareholder China National Petroleum Corp. is planning to issue corporate bonds exchangeable for A shares of PetroChina.
PetroChina said China National Petroleum obtained regulatory approval for the proposed exchangeable bonds on June 30.
Both oil and gas companies are based in Beijing.
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