Summary by Moomoo AI
China Petroleum Holdings Limited faced questions from the High Court of Hong Kong during the creditor scheme approval hearing on 29 February 2024. The court asked the company to respond within 14 days on whether to proceed with the hearing. The company is currently seeking comments and plans to proceed with the hearing. If the court rules against the company, the company will consider appealing or amending the terms of the creditor scheme. The Company will issue further announcements in due course and reminds shareholders and potential investors to exercise caution when trading. The announcement was made by the Chairman of the company, Dai Siogyo, on March 6, 2024.