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Brightoil Petroleum Holdings Ltd (0933.HK)

0933.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Brightoil issues positive profit alert
Monday, 13 Feb 2017 

Brightoil <0933.HK> : Positive Profit Alert . For six months ended Dec 31, 2016, group is expected to record increase in its profit .Growth in international trading and bunkering business sales volume and margin contributed to increase in group's profit.  Full Article

Brightoil Petroleum Holdings announces acquisition of vessel<0933.HK>
Friday, 29 Jul 2016 

Brightoil Petroleum Holdings Ltd <0933.HK>: Connected transaction acquisition of vessel <0933.HK> . Says Subsidiary 329 entered into the MOA with Zhu Hai S.E.Z. Huadian . Subsidiary 329 has agreed to purchase vessel 329 for a total cash consideration of US$8.4 million . Intended payment of consideration of vessel 329 will be satisfied entirely in cash by way of bank loans and internal funds . Entering into the moa is not expected to have a material impact on the group's asset/liabilities ratio and liquidity . Intended that payment of consideration of vessel 329 will be satisfied entirely in cash by way of bank loans and internal funds .  Full Article

Brightoil Petroleum announces termination of agreement for acquisition of ten vessels<0933.HK>
Thursday, 30 Jun 2016 

Brightoil Petroleum Holdings Ltd <0933.HK>: Termination of connected transaction in respect of the acquisition of ten vessels <0933.HK> . Singapore subsidiary and Shenzhen Brightoil shipping entered into the termination agreement . Termination of agreement will not have any material adverse impact on the existing business of the group . Pursuant to the deal vessels acquisition agreement as amended by the amendment on 29 April 2016 was terminated . As per termination agreement, Shenzhen Brightoil shipping shall pay to Singapore subsidiary the sum of US$67.2 million .  Full Article

Brightoil Petroleum enters into four agreements with Shenzhen Brightoil<0933.HK>
Thursday, 12 May 2016 

Brightoil Petroleum Holdings Ltd <0933.HK>: Continuing connected transactions <0933.HK> . Company entered into 2016 oil storage services agreement with Shenzhen Brightoil . Says the company entered into the 2016 cargo-carrying agreement with Shenzhen Brightoil . Shenzhen Brightoil Group agreed to provide fuel delivery services to group for three years . Company entered into 2016 barge services agreement with Shenzhen Brightoil . Says the company entered into the 2016 oil purchase agreement with Shenzhen Brightoil .  Full Article

BRIEF-Brightoil Petroleum Holdings Updates On Resumption Conditions Imposed​

* ‍COMPANY RECEIVED A LETTER FROM STOCK EXCHANGE REGARDING RESUMPTION CONDITIONS IMPOSED​