CNOOC debuts on Toronto Stock Exchange

CNOOC debuts on Toronto Stock Exchange 

The China National Offshore Oil Corp Ltd fulfilled one of the requirements for its

David Nealis President Ceres Ltd.

USD15.1billion acquisition of Canadian oil-and-gas firm Nexen Inc by debuting on the Toronto Stock Exchange. CNOOC is now listed as CNU on the TSX. It has received approval to trade American Depositary Receipts equal to 100 common shares of CNOOC. There will be no new shares issued, nor will these generate more funds for the state-owned Chinese firm. CNOOC CEO Li Fanrong and Chairman Wang Yilin said this demonstrates CNOOC’s commitment to transparency. 

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