Summary by Moomoo AI
Sino Oil & Gas Holdings Limited announced on July 9, 2024 that due to the need for more time to appeal the decision to reject the creditor's plan for approval in Hong Kong court, it will not be able to send letters regarding the restructuring transaction and cleaning exemption within the original deadline. The company has applied to extend the deadline to September 9, 2024, and the trustees have indicated their intention to grant their approval. Previously, the company mentioned the latest situations regarding the restructuring transaction, delayed letter issuance, and creditor plan approval hearings in its announcements on March 13, April 3, and June 19, 2024. If the appeal is rejected, the company will negotiate with relevant parties and may consider changing the terms of the restructuring transaction. The board of directors consists of two executive directors, four non-executive directors, and three independent non-executive directors, who jointly and individually assume full responsibility for the accuracy of the disclosed information.