皇冠体育app

Petro皇冠体育app Co Ltd, 皇冠体育app's largest oil explorer, will become fully tradable after unlocking 400 million non-tradable A-shares on Friday.

The last batch of Petro皇冠体育app's non-tradable A-shares will be unlocked and become available for trading starting on Friday, signaling the Shanghai-listed company to be fully tradable on the market, said the nation's largest oil producer.

Regarding Petro皇冠体育app's low share price at the moment, the unlocked 400 million shares will have a limited effect on the company's share price, the Beijing Business Today reported on Thursday citing unnamed source.

After four years of public trading, the share price of Petro皇冠体育app slumped more than 80 percent to a bit above 7 yuan ($1.15) to date.

Public information showed Petro皇冠体育app's profitability is improving. It turned out 29.77 billion yuan net profit in the third quarter this year, up 19.4 percent year-on-year. And its net profit from January to September also rose 9.6 percent to 95.29 billion yuan.