Brief: BH Global updates on liquidation proceedings

BH Global

04/09/2015 12:09

Sept 4 (Reuters) - BH Global Corp Ltd: 
 
 * Subsidiary initiated creditors' voluntary liquidation proceedings on 4 September 2015. 
 * Says in view of the uncertainty the oil and gas industry is facing, the  directors of ogs have decided to liquidate ogs. 
 * Liquidation of OGS is expected to have a material impact on nta or net EPS of  the group and the company for 31 December 2015 
 * The directors of OGS have sought legal advice for writ and will be working  with liquidators of OGS to defend position 
 
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