Hong Kong-based oil and bunkering firm Brightoil Petroleum Holdings on Friday (9 October) published a notice on the Stock Exchange of Hong Kong Limited (HKSE) Listing Review Committee’s decision to cancel the company’s listing.
The notice published by Brightoil reads:
On 7 October 2020, the Listing Review Committee issued a letter to the Company notifying the Company that following the hearing by the Listing Review Committee held on 18 September 2020, it has decided to uphold the Listing Committee’s decision to cancel the listing of the Company.
This comes following Brightoil’s formal request to the Stock Exchange for a review of the Listing Committee’s decision by the Listing Review Committee and a hearing date was scheduled.
Trading in the company’s shares will remain suspended until further notice and Brightoil said it will make further announcements as and when appropriate.
Earlier developments of Brightoil (since late 2017 to date) can be found in the search results here.
Photo credit: Manifold Times
Published: 12 October, 2020
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.
‘MPA had immediately contacted the relevant bunker suppliers to take necessary steps to ensure that the relevant batch of fuel was no longer supplied. Further investigations are currently on-going,’ it informs.