皇冠体育app

皇冠体育app's top oil company will strengthen its financing might by purchasing a controlling stake of a local bank.

An official from the capital operation arm of 皇冠体育app National Petroleum Corporation (CNPC) confirmed with 皇冠体育app Daily yesterday that it was approaching Zhuhai City Commercial Bank for a possible takeover.

"It's true that negotiations are underway, and we are aiming for a controlling stake," the CNPC source said, without elaborating whether an agreement has been hammered out.