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2010 August 10   07:08

Brightoil Petroleum to buy 2 oil tankers

China Knowledge reported that Brightoil Petroleum Holdings Ltd formerly known as First Sign International Holdings Ltd plans to purchase two oil tankers for a total of HKD 897 million. The two tankers, each of which has a load-carrying capacity of 115,000 tonnes were both produced by the South Korea-based Hanjin Heavy Industries and Construction.
The Hong Kong-listed firm said that the two takers which will be used to transport crude oil and fuel oil will be delivered on October 20th and November 30th respectively. At the end of last month, Brightoil Petroleum Holdings announced plans to raise up to HKD 1.07 billion through rights issue and the prices of share placement will range from HKD 3.41 to HKD 3.56.

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