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Brightoil Winding Up Hearing Delayed Again
Jul 22, 2019 ... winding up petition for Brightoil Petroleum (Holdings) Limited (Brightoil) scheduled to be heard today in Hong Kong has been delayed once again. The petition was originally scheduled to have ...
Brightoil Winding Up Hearing Delayed
Jul 18, 2019 ... winding up petition for Brightoil Petroleum (Holdings) Limited (Brightoil) in Hong Kong has been delayed until next week. The petition was originally scheduled to be heard yesterday, but it ...
Brightoil Nets $200m From Tanker Sale
Jun 12, 2019 ... oil trading firm Brightoil has sold four tankers in a bid to stave off bankruptcy. The Hong Kong-listed firm faces action from creditors in Hong Kong (winding up petition served on May ...
Brightoil Facing Hong Kong Winding Up Petition in July
Jun 12, 2019 ... Petroleum (Holdings) Limited (Brightoil) has been served with a winding up petition in Hong Kong that will be heard before the High Court of Hong Kong on July 17, 2019. In an update to ...
Brightoil Announces New CEO, Chairman, and a Return of Founder Sit
May 31, 2019 ... Petroleum (Holdings) Limited (Brightoil) has announced Mr Tang Bo has been appointed the firm's new Chairman and acting Chief Executive Officer effective May 3, 2019. Tang was ...
Singapore: Matrix Marine Exit Sees Number of Bunker Suppliers Drop to 49
May 8, 2019 ... suppliers in particular facing commercial headwinds. The entire bunker tanker fleet of supplier Brightoil Petroleum (Singapore) Pte Ltd remains under arrest since last November when the company ...
Brightoil Warns Creditors Could Call in $1.3bn of Debt After Sit Bankruptcy
May 6, 2019 ... Petroleum (Holdings) Limited has warned its creditors could call in over $1.3 billion of debt after its founder and former CEO, Dr. Sit Kwong Lam, last month was declared bankrupt. In ...
Brightoil CEO Sit Forced to Step Down After Being Declared Bankrupt
Apr 16, 2019 ... founder Dr. Sit Kwong Lam has been forced to step down from his various roles at Brightoil Petroleum (Holdings) Limited after being declared bankrupt in an April 11 ruling by the High ...
IMO2020: 75% of Singapore's Bunker Suppliers to Continue Offering HSFO
Apr 10, 2019 ... details on the supply plans for 49 of the 50 currently licensed bunker suppliers in the port. Brightoil, whose entire Singapore bunker tanker fleet remains under arrest after being detained ...
Brightoil Issues Profit Warning, Says Debts Are Around USD $1.9 Billion
Feb 1, 2019 ... Petroleum (Holdings) Limited today issued a profit warning for the six months ended December 31, 2018 along with a various updates on its troubled financial position. In terms of the ...
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