Brief: Sino Oil And Gas Updates On Sanction Hearing Of Creditors' Scheme

Sino Oil And Gas Holdings

06/03/2024 11:14

March 6 (Reuters) - Sino Oil and Gas Holdings Ltd
 0702.HK :
    * UPDATE ON SANCTION HEARING OF CREDITORS' SCHEME
    * CURRENTLY IN COURSE OF OBTAINING ADVICE AND INTENDS TO
PURSUE
PROCEEDINGS
    * AT SANCTION HEARING HIGH COURT RAISED SOME CONCERNS
REGARDING
TERMS OF CREDITORS' SCHEME
    * HIGH COURT ORDERED COMPANY SHOULD WITHIN 14 DAYS WRITE TO
HIGH
COURT TO INDICATE WHETHER OR NOT IT PURSUES PROCEEDINGS
    * IF HIGH COURT'S DECISION NOT IN FAVOUR OF CO, MAY CONSIDER
APPEALING AGAINST DECISION OR CHANGING TERMS OF CREDITORS'
SCHEME


Further company coverage:  0702.HK 

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