SUNSHINE OIL (02012) has fully repaid the debts owed to the applicant. The applicant will proceed to withdraw the application as soon as possible.

date
12:16 17/10/2025
avatar
GMT Eight
Sunshine Oil Sands (02012) announced that the company received the submission on August 20, 2025 and therefore published...
SUNSHINE OIL (02012) announced that the company received a summons on August 20, 2025, and therefore issued the announcement on the same day. The plaintiff is a lender registered in Hong Kong under the Money Lenders Ordinance (Chapter 163) with license number 0964/2025. The plaintiff was a bond investor of the company. As of the date of this announcement, the company has fully settled the amount owed to the plaintiff (excluding legal fees). The company also received a notice from Lin Zhi Cheng, as an accompanying plaintiff, regarding his intention to appear in court at the plaintiff's hearing, claiming a financial responsibility of HK$1.23 million related to the company. Lin is a third-party individual investor in the company's bonds. As of the date of this announcement, the company has fully settled the amount owed to Lin (excluding legal fees). The plaintiff will proceed with the withdrawal of their claim as soon as possible. The board of directors believes that as the financial information related to the bonds invested by the plaintiff has been recorded in the company's financial statements, and the amount payable to the above creditors (excluding legal fees) has been fully settled, the above creditors will not have a significant adverse impact on the company's financial performance and financial condition.