Jonathan Tam
Investors dumped shares of CNOOC Ltd, China's largest offshore oil producer, after regulators said they have begun an investigation of the company thought to be linked to large deposits it made to a finance firm controlled by its parent.
The stock plunged 4.76 per cent - its largest percentage drop since December 15 - to close at a five-month low of HK$3. The stock has fallen 10.4 per cent since Monday.
"The company has sent a poor image to international investors that it is careless," analyst Michael Lee at UOB Kay Hian said
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