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17

PetroChina's IPO Drawn Record Profit

China's largest oil and gas producer, has seen its a-share public offering has drawn a record 3.3 trillion yuan

China's largest oil and gas producer PetroChina has seen its a-share public offering has drawn a record 3.3 trillion yuan in subscription funds, the company announced Monday.

The company is looking to raise at least 66.8 billion yuan in its domestic share offering, which could make it the largest IPO in the Chinese market's history.