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Fortune Oil PLC Announces Extension Of Final Date For Mofcom Consent


Thursday, 27 Jun 2013 08:35am EDT 

Fortune Oil PLC announced that on Dec 17, 2012 the Company announced that it and Wilmar International Limited, the 15% shareholder of Fortune Gas Investment Holdings Ltd (FGIH), had entered into a conditional contract to sell their entire interest in FGIH to China Gas Holdings Ltd. Completion of the transaction was subject to certain conditions, including regulatory approval from MOFCOM (the anti-monopoly bureau of the Ministry of Commerce of the PRC), being satisfied by June 30, 2013 (or such later date as agreed in writing) (the Long Stop Date). Given additional time is required for the fulfilment of the MOFCOM regulatory approval condition, the Company, Wilmar International Ltdand China Gas Holdings Ltd have entered into a supplementary agreement in order to extend the Long Stop Date to Sep 30, 2013. 

Company Quote

8.82
-0.08 -0.90%
11:35am EDT