Brightoil Logs Request to Suspend Trading on Hong Kong Exchange After Delay in Annual Results Report

by Ship & Bunker News Team
Tuesday October 3, 2017

Brightoil Petroleum (Holdings) Limited (Brightoil Petroleum) [HKG:0933] today announced that it has requested for the suspension of trading in its shares and debt securities on the Stock Exchange from 9:00 a.m. on October 3 until the publication of its results announcement.

The news came as the company's board informed shareholders that Brightoil was be unable to publish the results announcement by September 30, 2017, possibly delaying the dispatch of the annual report for the year ending June 30, 2017.

"The Board wishes to inform Shareholders that the Company will endeavour to publish the Annual Results and despatch the Annual Report as soon as possible," stated the announcement.

"The Company will make further announcement(s) in respect of the expected dates of publication of the Annual Results and despatch of the Annual Report, and the meeting of the Board for the purpose of, inter alia, approving and publishing the Annual Results as soon as practicable."