Brightoil said in a stock market announcement that the moves were in the interests of “enhancing the shareholding and asset structures of the group” and the completion of the two transactions would “bolster the financial strength and provide support to the long term strategic developments of the group”. The company did not specify what these long term developments were.
Brightoil still has bunkering operations and continues to build on its online bunker trading platform Brightoil Bunker Online.
Read More: Brightoil’s online platform starts real-time bunker trading
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