Hong Kong’s Securities and Futures Commission (SFC) has commenced proceedings in the Market Misconduct Tribunal (MMT) against Chinese additive maker Tianhe Chemicals Group Limited (Tianhe) and its Executive Director, Wei Xuan, for allegedly issuing Tianhe’s listing prospectus in which the company’s revenue was overstated by more than CNY6.7 billion (USD980 million). The SFC is also […]

The Stock Exchange of Hong Kong Limited announced that with effect from 9:00 am on 11 June 2020, the listing of the shares of Tianhe Chemicals Group Limited will be cancelled under Rule 6.01A. Chinese additive maker Tianhe Chemicals launched its initial public offering (IPO) in June 2014 on the Hong Kong Exchange with much […]

State port operator Pelindo I’s President Director Bambang Eka Cahyana announced an IDR 1.2 trillion (USD85 million) financing investment into Indonesia’s Batam port on April 2. The investment will upgrade facilities at the port of Batu Ampar to improve cargo handling and boost the port’s competitiveness. Previous reports have indicated Indonesia’s motivation is to position […]

The first unmanned convenience store was launched by the Hong Kong unit of China’s Sinopec Corporation, Sinopec (Hong Kong) Limited. A trial operation of the new store at the Hong Kong Convention and Exhibition Centre in Wan Chai began before China’s October 1 national day holiday, according to reports from Chinese local media. The store […]

Shell has completed the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG on 31 December 2017. Shell continues to operate the LPG plant in Hong Kong, which is part of the second phase of the transaction and is subject to conditions, including regulatory approvals. The sale of […]

Hong Kong, the third busiest container port in the world, will enforce China’s new emission control area (ECA) regulations once they come into effect on Jan. 1, 2019, which will require all ships operating within the Pearl River Delta, Yangtze River Delta and Bohai Bay to use marine fuels with a sulphur content limit of […]

Chevron Corp. has launched a new and improved fuel formulation with “Clean & Glide Technology™” at its Caltex-branded fuel service stations in Hong Kong. This fuel was launched earlier in Singapore and Malaysia. “Our products are continuously being improved in anticipation of future engine advancements and local market needs. For motorists, a quick Caltex stop now […]

Hong Kong’s air pollution control regulation, which requires ocean-going vessels (OGVs) to use compliant fuels while at berth in Hong Kong, will take effect from 1 July 2015. Accordingly, marine fuels will have to meet the maximum sulphur requirement of 0.5%. Ocean-going vessels (OGVs) run on residual oil, whose sulphur content is 2.8% on average. […]