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Chemoil Energy last trading day to be May 2

Published on Apr 21, 2014 11:24 AM

Trading of shares in Chemoil Energy will stop on May 2, said the firm on Monday.

The marine oil supplier said in a regulatory filing that the Singapore Exchange had given the green light to its application to suspend trading.

The announcement comes after shareholders voted at an extraordinary general meeting held on April 15 to delist the company.

Singfuel Investment, a wholly owned unit of controlling shareholder Glencore Xstrata, had offered in February to acquire all Chemoil shares it does not already own in a bid to take the company private.

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