Chemoil Energy last trading day to be May 2

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.

Singfuel has offered 40 US cents (50 Singapore cents) per share.

Chemoil also announced on April 15 that it had extended the deadline for acceptances from April 29 to May 9.

The firm added that it will announce the date of delisting "in due course after the close of the exit offer".