A Director of several special purpose vehicles (SPVs) ultimately under Brightoil Petroleum (Holdings) Limited has declared their inability to continue business, according to a Friday (20 August) notice on the Government Gazette.
The affected entities, which will be wound up voluntarily, are:
Tee Wey Lih of Acres Advisory Pte Ltd of 531A Upper Cross Street #03-128 Hong Lim Complex Singapore 051531 has been appointed provisional liquidator for the purpose of winding up the affairs of the companies on 16 August 2021.
Note: Brightoil Petroleum (Holdings) Limited has been renamed as Petroglory Petroleum (Holdings) Limited.
Earlier developments of Brightoil (since late 2017 to date) can be found in the search results here.
Photo credit: benjamin-child
Published: 23 August, 2021
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