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.
Related: Brightoil receives trading resumption conditions from HKSE
Published: 14 February, 2018
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Four vessels will each be equipped with an ammonia intermediate ready fuel tank and will be delivered progressively in 2025, according to PIL.
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New initiatives on biofuel as marine fuel, digital bunkering and fuel quality assurance announced at the 22nd edition from 4 to 7 October 2022.
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Integr8 Fuel injunction varied by Singapore Court to allow former employees to start work at Hartree Group in December 2022 following failure to produce evidence on biofuels development plans.
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Livestock carrier also involved in earlier bunker claim with Glander International Bunkering due to remaining unpaid fuel bill of approximately USD 116,000, according to court documents obtained by Manifold Times.
