Technics Oil and Gas receives SGX approval for time extension

TECHNICS Oil and Gas received approval from the Singapore Exchange for an extension of time of up to one month after the discharge date to comply with its ruling to release its financial statement for the full financial year ended Sept 30, 2016 and for subsequent years for the period in which the judicial management orders are in force.

It also received an extension of time of up to two months after the discharge date to hold its annual general meeting (AGM) for the full financial year ending Sept 30, 2016 and subsequent AGMs for subsequent financial years for the period in which the judicial management orders are in force.

The company was placed under judicial management since July 25, 2016. The initial discharge date is July 20, 2017, but could be extended by the court to Jan 20, 2018 or earlier.