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Up Energy Development Group Ltd (0307.HK)

0307.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Up Energy Development Group says Wang Chuan redesignated to deputy chairman from joint chairman
Monday, 20 Mar 2017 04:32am EDT 

Up Energy Development Group Ltd <0307.HK>- : Wang Chuan has been redesignated from joint chairman to deputy chairman of company .Wang will remain as executive director, chief executive officer.  Full Article

Up Energy Development says Qin June ceased to be chairman, CEO<0307.HK>
Sunday, 7 Aug 2016 07:11pm EDT 

Up Energy Development Group Ltd <0307.HK>: Dev-...more announcement in respect of 1) removal of the chairman, CEO and executive director and 2) redesignation of directors roles <0307.HK> . Qin June has been removed from office as an executive director . Qin June has ceased to be the chairman, CEO, the authorised representative . Wang chuan and zhang li have been appointed as the joint chairman . Considers that normal operation and ongoing debt restructuring process of co will continue after resignation of qin . Wang chuan has additionally assumed the role of CEO and authorised representative of the company .  Full Article

Up Energy Development Group updates on legal proceedings<0307.HK>
Wednesday, 29 Jun 2016 10:57am EDT 

Up Energy Development Group Ltd <0307.HK>: On 28 June 2016, the company filed an affirmation in the supreme court of Bermuda . Affirmation to oppose the winding Up petition filed by Credit Suisse AG, Singapore branch . "Draft restructuring proposal has been drawn Up and its terms have previously been provided to major creditors of co" .  Full Article

Up Energy Development updates on legal proceedings<0307.HK>
Sunday, 22 May 2016 07:48pm EDT 

Up Energy Development Group Ltd <0307.HK>: Dev-announcement in respect of (1) the company legal action pertaining to debt restructuring and (2) winding Up petition against the company <0307.HK> . Reference is made to the announcements of the company dated 19 January 2016 . Board was notified by the Bermuda legal counsel of the receipt of a winding Up petition dated 18 may 2016 . Receipt filed by Credit Suisse ag, Singapore branch against the company . Petition for outstanding balance of matured convertible notes in the principal amount of hk$150 million .  Full Article

Up Energy Development Group Ltd updates on proposed financial structure reorganisation
Wednesday, 13 Apr 2016 09:32am EDT 

Up Energy Development Group Ltd:Financial institutional creditors reached consensus to support optimization and reorganization of financial structure of company with a framework.Endeavors to formulate a reorganization framework which will eventually lead to a reorganization plan.Says plan with a view to settle its indebtedness, including all convertible notes and major loans from banks.Believes that the proposed reorganization framework can mitigate the adverse effect of the high gearing of the group.  Full Article

Up Energy Development Group Ltd says Jiang Hongwen has resigned as an CFO
Sunday, 20 Dec 2015 07:13am EST 

Up Energy Development Group Ltd:Jiang hongwen has resigned as an executive director.Says Jiang has ceased to be a member of the of the company executive committee and chief financial officer.Qin June, chairman and CEO of co, to fill in the vacancy of authorised representative after jiang's resignation.  Full Article

Up Energy Development Group Ltd updates on legal action by subsidiaries
Tuesday, 22 Sep 2015 03:30am EDT 

Up Energy Development Group Ltd:Says certain conditions related to the security documents have failed to be fulfilled.Up Finance and GCC LP are taking necessary legal action to protect their interest accordingly.  Full Article

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