Hong Kong-listed Brightoil Petroleum (Holdings) Limited Monday announced the resignation of its Executive Director and Chief Executive Officer (CEO) of the company’s Singapore subsidiary Brightoil Petroleum (S’pore) Ptd. Ltd.
Wang Wei tendered his notice of retiring from office at the end of his initial term of three years in accordance with a service agreement between him and Brightoil on 8 May 2015; he decided not to seek re-election by the shareholders of the company.
Wang will cease to be an Executive Director of Brightoil with effect from 18 May 2018, and leave his position as CEO of Brightoil Petroleum (S’pore) with effect from 21 May 2018.
Brightoil, meanwhile, informs that trading of its shares on the Hong Kong Stock Exchange (HKSE) is still suspended due to further preparations needed to complete its audit in order to publish its annual results.
“At this point, the company is unable to give a definitive timeframe for completion of all the aforesaid,” it informs.
Brightoil’s shares have stopped trading on the HKSE since 3 October, 2017.
Related: Brightoil continues suspension of trading activities
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
Published: 22 May, 2018
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.