Talk Talk China goes after China National Offshore Oil Corporation (CNOOC, pronounced “see-nook”), which changed its “no-compete” promise to investors who bought shares in its New York and Hong Kong publicly listed subsidiary CNOOC Limited. The pledge was meant to assure investors that the state-owned parent wouldn't steal away the publicly-held subsidiary's lucrative business. Now it can [1].
China: Oil Company About-Face
· Written by Jose Manuel Tesoro
Categories: East Asia, China