Hong Kong-listed Brightoil Petroleum (Holdings) Limited says it needs more time to complete its audit in order to publish its annual results.
The company’s audit committee has currently engaged an independent adviser to assist with the company’s review.
“The work of the independent advisor will affect the progress of the audit work,” it says.
“The date of completion of the audit and the publication of the announcement regarding the 2017 annual results and 2018 interim results will be further considered with the auditor.
“The company is presently unable to provide a definitive timetable.”
Trading in Brightoil’s shares on the Hong Kong Stock Exchange has been suspended since 3 October, 2017 pending the publication of the company’s 2017 annual results.
Related: Brightoil: Delay in release of 2018 financial results
Related: Update on suspension of trading
Related: Brightoil redeems $9.6 million in outstanding bonds
Photo credit: Brightoil Petroleum (Holdings) Limited
Published: 4 April, 2018
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