chinese-oil-services-company-joins-ipo-hopefuls

Chinese oil services company joins IPO hopefuls

Oil services company Anton Oilfield hopes to raise $200 million from its IPO at a time when oil prices are trading above $90 per barrel.
Anton Oilfield Services Group, a Chinese oil services company, is planning to raise about $200 million in a Hong Kong initial public offering. Pre-marketing is underway and the institutional roadshow will be launched on November 26.

The company, which is commonly known as Antonoil, provides oilfield services primarily within the areas of drilling, field, production and wells. It specialises in services that demand new and advanced technologies û it currently holds 32 patents and has 46 applications pending û and which complement the oilfield services provided by the three state-owned oil corporations, namely China National Petroleum Corporation CNPC, which is the parent of Hong Kong-listed PetroChina China Petroleum Chemical Corporation Sinopec and CNOOC...
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