Announcement Pursuant To Paragraph 9.03 Of The Main Market Listing Requirements Of Bursa Malaysia Securities Berhad
| Type | Announcement |
| Subject | OTHERS |
| Description |
Announcement Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad |
The Board of Directors of Hengyuan Refining Company Berhad (“HRC” or “Company”) wishes to announce that HRC’s Single Buoy Mooring (“SBM”) (a loading buoy anchored offshore, that serves as a mooring point and interconnection for offloading of crude oil) located at its jetty at Port Dickson has sustained damage to an underwater valve and is now undergoing repair. The SBM is anticipated to return to normal operations by early November 2019.
The refinery intake has been reduced by approximately 50% as a result of the above incident. However, the Company has put in place mitigating measures to ensure there are no disruptions of production supplies to its customers.
The Company is currently investigating the causes of the damage as well as assessing the financial impacts.
There has been no environmental impact and relevant government authorities have been informed.
This announcement is dated 22 October 2019.
Announcement Info
| Company Name | HENGYUAN REFINING COMPANY BERHAD |
| Stock Name | HENGYUAN |
| Date Announced | 22 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22102019-00058 |