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China Oilfield Tech proposes to sell all units to its chairman

Sat, Dec 28, 2013 - 6:00 AM
haoxiang@sph.com.sg@HaoxiangCaiBT

Singapore

TROUBLED oil services firm China Oilfield Technology Services has proposed to sell all its subsidiaries to executive chairman and controlling shareholder Gao Yanming for two million yuan (S$400,000). These subsidiaries, a mix of investment holding, research and development and...

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