Brightoil Petroleum was forced to sell a stake in Tencent-backed WeBank to repay a loan owed to China’s Ping An Bank. Photo: Reuters

Another Chinese private oil giant faces liquidation if court approves winding-up petition

  • Court hearing will be held on March 6 to review petition filed against Brightoil
  • The company’s financial health has been shaky since 2016
Topic |   Energy

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Brightoil Petroleum was forced to sell a stake in Tencent-backed WeBank to repay a loan owed to China’s Ping An Bank. Photo: Reuters
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