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China Oil & Gas’ annual results have been delayed as its auditor PwC has sought more information from the company for audit purposes, according to the press release by the company. PwC has requested an appraisal report by a third-party agency on the company’s previous acquisitions projects with large investments, according to the sources. As a result, the trading in shares of the company has been suspended.
Its 4.7% 2026s has fallen by 7.25 points since last Thursday and currently trades at 85.75 cents on the dollar, yielding 12.15%. The issuer is rated Ba2/BB (Moody’s/S&P).
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