Beijing-based China Aviation Oil Holding Company (CAOHC), the parent of financially stricken Singapore-based China Aviation Oil (CAO), said it has worked out an arrangement with CAO and its creditors and shareholders to try save the company. The scheme, submitted to Singapore’s High Court on Jan 24, “is only the first step towards the road to…
SINGAPORE: CAO’s parent announce arrangement with CAO’s creditors
Posted on January 26, 2005 by EnergyAsia