Share price of ExxonMobil’s China partner surges in Shanghai debut – -following delisting by NYSE

Chinese oil giant CNOOC – ExxonMobil’s partner in Guyana’s lucrative Stabroek Block – surged 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan (US$4.41 billion) in a public stock offering
Reuters said that the shares began trading on the Shanghai Stock Exchange at 12.96 yuan, 20% higher than the offering price of 10.8 yuan.

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