17 January 2014
COSL has successfully completed its H-share non-public offering
China Oilfield Services Limited (“COSL”) successfully completed its placing of new H shares on Jan.15, 2014. An aggregate 276 mn H shares were issued to raise HKD 5.885 bn (USD 759 mn), with the final placing price of HKD 21.30 per share. The Placing represented the largest ever equity financing in oilfield equipment and service industry in Hong Kong market. In this transaction, CICC acted as Joint Global Coordinator, Joint Bookrunner, and Joint Placing Agent.