China Oil and Gas Holdings (00702) issued an announcement. The High Court approved the company at a hearing on April 29, 2024...
Zhitong Finance App News, China Oil & Gas Holdings (00702) issued an announcement. The High Court heard on April 29, 2024, approving the company's application for an extension and extending the hearing of the petition until June 3, 2024.
On April 24, 2024, the company received a ruling from the High Court rejecting the company's petition to approve the creditor's plan. The company is currently seeking legal advice in this regard and may consider appealing the High Court's ruling and/or taking other necessary steps to address the court's concerns.