Petrochemical Oil Service announced that the company's wholly-owned subsidiary Guogong Corporation and Guogong Mexico's subsidiary plan to acquire 50% of DIAVAZ's shares in the Mexican DS company and 0.01% interest in the EBANO project held by D&S. After the acquisition is completed, China Engineering will hold 100% of the shares in the Mexican DS company and indirectly obtain 55% of the EBANO project through it. Subsequent plans are to invest no more than US$212 million in additional investments in the EBANO project. The transaction has been reviewed and approved by the board of directors, and still needs to be submitted to the shareholders' meeting for approval and a number of delivery prerequisites.

Petrochemical Oil Service announced that the company's wholly-owned subsidiary Guogong Corporation and Guogong Mexico's subsidiary plan to acquire 50% of DIAVAZ's shares in the Mexican DS company and 0.01% interest in the EBANO project held by D&S. After the acquisition is completed, China Engineering will hold 100% of the shares in the Mexican DS company and indirectly obtain 55% of the EBANO project through it. Follow-up plans include no more than US$212 million in additional investments in the EBANO project. The transaction has been reviewed and approved by the board of directors, and still needs to be submitted to the shareholders' meeting for approval and a number of delivery prerequisites.