The Stock Exchange of Hong Kong Limited (HKSE) on 18 December 2017 sent a letter outlining trading resumption conditions to Hong Kong-listed Brightoil Petroleum (Holdings) Limited, said the latter on Thursday.
Brightoil’s shares has been suspended since 3 October 2017 pending release of its annual results for the year ended 30 June 2017 due to a review.
The letter notes Brightoil should fulfil the following conditions for the resumption of trading:
To date, Brightoil’s audit committee has engaged an independent adviser to provide forensic technology and investigation services to assist with the review.
“The company [Brightoil] has been informed by the audit committee that the work of the independent adviser has not been completed and the audit committee is to work with the independent adviser to refine the focus of the work and to formulate a timetable for the completion of the review,” states Brightoil.
It adds: “The company is taking appropriate steps to fulfil the resumption conditions and will keep the shareholders and potential investors informed of the progress as and when appropriate.”
Published: 28 December, 2017
Ships to get cheaper fuel at Iranian bunkering sites instead of doing a 130-mile detour to Fujairah, says MD.
Official committee’s total debt amounts to $293,115,755, or 97.9%, of Aegean’s top 28 creditors.
Torbjørn Kjus, Head of Energy Trading at Vistin Pharma, resigns from his position to pursue other interests.
Lead time was less important pre-IMO 2020, but prudent planning is essential now due to relatively tight HSFO and risks associated with different length of lead times.
Refiner completes heaviest part of scheduled refinery maintenance programme in preparation for IMO 2020.
Chinese oil importers seemingly capitalized on low oil prices, leading to record-high crude oil imports of 47.9m tonnes in May, a 19% month-on-month increase, said BIMCO.
Claiming USD 108,887.87 for the supply and delivery of 310.00 mt of low sulphur marine gas oil at the Port of Jeddah on or about 23 February 2020.
A sanitisation expert offers Manifold Times a summary of the processes involved in disinfecting a ship together with the equipment and products used in the operation.
‘As the saying goes without people buying things, manufacturing will slow, trade will also slow and shipping movements slows down. It’s a whole chain of reaction,’ says Simon Neo.
Laboratory looking to collaborate with Singapore bunker surveyors to roll out COVID 19 testing service, which has been successfully adopted by land-based industries, to the maritime sector.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
‘We have already settled [the issue] with Global Energy Trading and the suit has been withdrawn/discontinued,’ a source at Bunker House Petroleum told Manifold Times.
