Credit International: Russian oil Watson equity acquisitions appear delayed


[Reports] China Huarong stake in Hainan Mandarin which $ 9.1 billion acquisition of Russian oil shares March 9, according to financial website eye in the sky to the investigation, February 13, 2018, Hainan Huaxin International Holdings Limited (hereinafter referred to as: Hainan Mandarin) registered capital from a billion to one hundred million yuan。
On the same day, Huaxin Guo together Holdings Ltd. Hainan Mandarin exit, so far, shareholders Hainan Mandarin is China's Shanghai Watson Watson International Holdings Ltd. and China's Huarong Huarong Riverstone, but both holdings did not disclose the proportion of。
Recommended reading] is said (,) has been canceled and China Huaxin oil trading company set up in September 2017, China Huaxin Xuan cloth, Hainan, China International Holdings Limited and Glencore Foundation and the Qatar Investment Authority reached a Commonwealth agreements,% stake in Rosneft, the contract amount China Huaxin acquisition of the consortium is expected to hold about $ 9.1 billion。 Public information display, the Russian state oil company is the world's largest publicly traded oil company, the acquisition means that China Watson will become the third largest shareholder of Russia's oil, and get 42 million tons per year and a total of one hundred million tons of oil and gas reserves of oil interests , one of the world's largest oil company list。 Beijing on the 6th Bloomberg citing people familiar with the news that the Government of China Zhejiang Zhongda Group Holding's property this month canceled plans for energy cooperation with China Huaxin established oil trading company in Zhejiang Province, China Huaxin Energy due to non-payment registered capital。   Informed sources said that China Huaxin Energy did not pay 400 million yuan, accounting for 40% of the registered capital of the joint venture。 Property Group of the Planning and Zhoushan trading joint venture set up another, and to seek other investors。
China Huaxin Energy spokesman declined to comment; large property declined to comment。