Qingdao Blue Ocean Engineering Enterprise (Limited Partnership) completed the acquisition of 5% stake in Sino Geophysical Co., Ltd from Zhou Jinming.
May 17, 2021
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Qingdao Blue Ocean Engineering Enterprise (Limited Partnership) signs agreement to acquire 5% stake in Sino Geophysical Co., Ltd (SZSE:300191) from Zhou Jinming for approximately CNY 280 million on March 9, 2021. As per terms, Qingdao Blue Ocean Engineering Enterprise will acquire 16 million share of Sino Geophysical Co., Ltd. Zhou Jinming currently holds 47.08% stake in Sino Geophysical Co., Ltd. Post completion, Zhou Jinming and Qingdao Blue Ocean Engineering Enterprise will hold 42.08 and 5% stake in Sino Geophysical Co., Ltd. respectively.
Qingdao Blue Ocean Engineering Enterprise (Limited Partnership) completed the acquisition of 5% stake in Sino Geophysical Co., Ltd (SZSE:300191) from Zhou Jinming on March 18, 2021.
Sino Geophysical Co., Ltd. is a China-based company principally engaged in the provision of integration technical services of processing and explanation of geological data for oil and gas exploration. The Company is primarily involved in geological data processing business, geological data explanation business, geological data analysis business, well position arrangement business, oil field region assessment business, drilling and completion services, as well as provision of technological services, including intelligent management of oil fields and development of software, among others. The Company operates its geological data processing explanation and research for large petroleum exploration projects located in Daqing, Shengli, Liaohe, Tarim, Dagang, among others.
SINO GEOPHYSICAL CO., LTD 
