CNOOC Ltd Cuts Ties With New York Stock Exchange

China’s publicly traded offshore oil and gas giant CNOOC Limited intends to deregister and end its reporting obligations under the US Securities Exchange Act.

Shares of CNOOC Ltd were suspended from trading on the New York Stock Exchange on March 9, 2021, believed to be part of an approach launched by the previous US administration of ex-President Donald Trump against entities with alleged ties to the Chinese military. .

CNOOC Ltd said on November 30, 2021 that the delisting of the company’s U.S. shares became effective on the NYSE on October 22, 2021.

The company said it plans to file Form 15F with the SEC on Nov. 30, 2021 to deregister all classes of its registered securities, including its shares and all classes of debt securities issued by its wholly owned subsidiaries in registered offerings. that are guaranteed by the company, and terminate its reporting obligations.

In addition, the Company’s US stock program will be terminated in due course in accordance with a deposit agreement.

The shares of CNOOC Ltd will continue to be listed and traded on the Hong Kong Stock Exchange.