China Mobile announced last night that its controlling shareholder, China Mobile Communications Group Co., Ltd., plans to transfer 41,981,348 A-shares (representing 0.19% of the company's total shares) to China National Petroleum Corporation (PetroChina) through a state-owned share transfer arrangement.
China Mobile Group and PetroChina have signed a share transfer agreement. The transfer is still subject to approval from the State-owned Assets Supervision and Administration Commission of the State Council and requires the completion of share ownership registration procedures.
Based on today's closing price, the transaction involves approximately 4.476 billion yuan.
In fact, this is not the first "interaction" between the two parties.
On September 2, 2025, PetroChina planned to transfer 541 million A-shares (representing 0.30% of the company's total shares) to China Mobile Communications Group through a state-owned share transfer arrangement. Both equity transfers aim to further strengthen strategic collaboration between the two parties and promote cooperative development in areas such as information technology and smart energy.