Anton Oilfield Services Group's Subsidiary to Repurchase Stake from Investors

Anton Oilfield Services Group's (HKG:3337) subsidiary T-ALL Inspection Group agreed to repurchase a 15.55% stake in it held by five certain investors for 249.6 million yuan, a Sunday filing with the Hong Kong Exchange said.

T-ALL plans to apply to relevant authorities for reduction in its registered capital after the completion of the repurchase, after which Anton Oilfield Services Group's shareholding in T-ALL will increase from 81.3% to 96.3%.

The company's shares were up nearly 2% in recent trade.

Price (HKD): $0.54, Change: $+0.010, Percent Change: +1.89%