Hong Kong-listed Brightoil Petroleum (Holdings) Limited has redeemed all outstanding unconverted Listed Convertible Bonds with a principal amount of $9.6 million in full, together with accrued and unpaid interest on 12 February 2018.
The development is part of an earlier voluntary announcement on 15 November 2017 when Brightoil described the company entering a "relevant event" to redeem the bonds.
"Following the company’s request for suspension of trading in its shares and debt securities on the Stock Exchange from 9:00 a.m. on 3 October 2017, a relevant event occurs as at the date hereof," it said in the voluntary announcement.
Brightoil issued Listed Convertible Bonds valuing $12 million and Unlisted Convertible Bonds valuing $150 million on the Hong Kong Stock Exchange during 19 November 2015 and 15 December 2015 respectively.
On 15 November 2017, the outstanding amount of the Listed Convertible Bonds was $9.6 million and Unlisted Convertible Bonds was $147 million.
Published: 14 February, 2018
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.