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HKG:0857.HK 20 October 2025

PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions

PetroChina Stock Jumps on Oil Boom, Dividend Windfall & Stablecoin Ambitions

PetroChina’s Hong Kong shares jumped over 4% to HK$7.65 on October 20, nearing a 52-week high. The company reported a record 2024 net profit of ¥164.7 billion and raised its final dividend. PetroChina added 1.15 billion barrels of shale oil reserves and proposed a ¥40 billion gas storage acquisition. Management plans to pilot stablecoin-based cross-border settlements for oil and gas trades.
20 October 2025
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Stock Market Today

  • Mercantile Ports & Logistics Legal Challenge Delays Karanja Terminal Resolution Plan
    June 10, 2026, 11:50 AM EDT. Mercantile Ports & Logistics Limited (MPL) has formally challenged the Committee of Creditors' approval of the resolution plan for Karanja Terminal & Logistics Private Limited. The National Company Law Tribunal (NCLT), Mumbai Bench, was scheduled to hear the case on June 8, 2026, but the hearing has been postponed. MPL is seeking a new date and remains committed to protecting shareholder interests and recovering value for stakeholders. The company alleges fundamental flaws in the resolution plan approval process and will pursue all legal remedies available. MPL's Nomad and Broker, Cavendish Capital Markets, is monitoring the situation closely and will provide updates when possible.

Latest articles

Euro Tech Holdings Shares Slip on High-Volume CLWT Ballast-Water Launch

Euro Tech Holdings Shares Slip on High-Volume CLWT Ballast-Water Launch

10 June 2026
Euro Tech Holdings’ CLWT shares plunged 11.7% to $1.13 on heavy volume after launching a mobile hybrid ballast-water treatment facility, but the company’s announcement lacked customer names, order values, pricing, or a European sales partner, leaving investors with more questions than answers as the stock’s move outpaced any disclosed commercial progress.
Ming Shing Group Holdings shares surge, then fall back after $110M graphene move raises dilution questions

Ming Shing Group Holdings shares surge, then fall back after $110M graphene move raises dilution questions

10 June 2026
Ming Shing Group Holdings shares soared to $5.54 before plunging to $1.74 after closing a $110 million acquisition of PMA Nano Carbon Tech, paid with convertible notes that could create over 111 million new shares at $0.99 each, raising dilution concerns as investors weigh the company’s pivot from construction to graphene technology amid management turnover and a June 16 vote on massively increasing authorized shares.
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