Petro-King (02178) received a civil judgment from the court.

Zhixun Finance APP news, Petro-King (02178) announced that on June 11, 2024, the defendant (a wholly-owned subsidiary of the company in China) received a civil ruling (ruling) issued by the court dated May 31, 2024, regarding claims. According to the ruling: (i) the defendant should pay the plaintiff a total of RMB 12.63 million in technical service fees, together with any accrued interest since November 30, 2023 (not the amount of approximately RMB 28.90 million plus any accrued interest claimed by the plaintiff); (ii) reject the plaintiff's claim against the defendant.

Zhitong FinanceJun 12 09:21 ET

Express News | Petro-King Oilfield Services - as of June 12, Bank Accounts of Unit With Aggregate Bank Balances of RMB8.2 Mln Has Been Frozen by Court

ReutersJun 12 09:20 ET

Express News | Petro-King Oilfield Services - Under Ruling, Unit to Pay Technical Service Fees in Sum of RMB12.6 Mln to Plaintiff

ReutersJun 12 09:18 ET

Express News | Petro-King Oilfield Services - on 11 June, Unit Received Civil Ruling Issued by Cour in Relation to Claim

ReutersJun 12 09:17 ET

Express News | Petro-King Oilfield Services Ltd - Update on Litigation Involving a Unit

ReutersJun 12 09:17 ET

IEA警告！石油2030年将面临严重产能过剩，届时OPEC+也“无力回天”

石油闲置产能超过800万桶/天

Gelonghui FinanceJun 12 05:34 ET