CHK Oil Accelerates Deadline for Placing Conditions to 26 June 2026

Bulletin Express06-09 18:23

CHK Oil Limited announced a revision to its share-placing timetable, bringing forward the latest date for satisfying or waiving all conditions under the Placing Agreement from 3 July 2026 to 26 June 2026.

The adjustment follows an addendum signed with the Placing Agent, reflecting both parties’ expectation that the transaction can be completed within three weeks of the 5 June 2026 agreement date. All other terms and conditions of the Placing Agreement remain unchanged.

The board currently comprises eight directors: Executive Directors Yu Zhibo (Chairman), Jin Ailong and Wong Wai Sze; Non-executive Directors Zheng Ye and Wong Wai Yin Viola; and Independent Non-executive Directors Zhong Bifeng, Huang Qingwei and Chen Yawei.

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