CHK Oil Controlling Shareholder Secures HK$16 Million Loan with Share Pledge
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CHK Oil Limited announced that its controlling shareholder, Xin Hua Petroleum (Hong Kong) Limited, has secured a HK$16 million loan by pledging 80,000,000 ordinary shares to Squadron Funding Capitalization Investor SPV2025, Ltd. The loan amount will vary based on the market price of the pledged shares. The lender is independent of CHK Oil Limited. Shareholders and investors are advised to exercise caution when dealing in the company’s shares.
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