China Oil & Gas Group Delays Circular for Very Substantial Disposal and Acquisition to 25 June 2026

Bulletin Express

Jun 12

China Oil & Gas Group Limited announced a further postponement in sending its shareholder circular related to its proposed very substantial disposal (VSD) and very substantial acquisition (VSA).

The company had originally targeted 12 June 2026 for despatch, but now expects to issue the document on or before 25 June 2026. Management cited the need for additional time to prepare the required information, including detailed terms of the share-swap agreement, disclosures under Hong Kong Listing Rules and the notice of the special general meeting.

The board currently comprises four executive directors—Chairman and CEO Xu Tieliang, Guan Yijun, Gao Falian and Xu Ran—alongside three independent non-executive directors: Liu Zhihong, Wang Guangtian and Yang Jie.

No changes were announced to the underlying terms of the proposed transactions; the delay pertains solely to the timing of the circular’s release.

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