Second time lucky for Brightoil placement

Chinese energy company finally gets cash to expand further into the upstream oil and gas sector after pulling an earlier equity deal at the end of March.

China's Brightoil Petroleum Holdings finally managed to raise funds from a top up placement after Thursday's close in Hong Kong, one month after pulling a similar deal because it was unhappy with the demand generated. 

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media