4 stories mentioning HKG:2012Updated just now
Every FINWIRES story that references HKG:2012, newest first.
Sunshine Oilsands (HKG:2012) said Chief Executive Officer Doug Brown resigned effective Aug. 12 to devote more time to personal affairs, according to a Thursday Hong Kong bourse filing.The company said it is seeking a successor, adding that its existing executive directors will oversee day-to-day operations during the transition.
Sunshine Oilsands (HKG:2012) extended the closing date for its proposed placement of as many as 114.3 million shares under a specific mandate to July 31 from May 31, according to a Thursday Hong Kong bourse filing.Shares of the oil sands company were down more than 4% in Friday morning trade.The company said additional time is required for the placement and issuance of the shares.The proposed placing, announced in December 2025, involves shares priced at HK$0.36 each and is expected to raise net proceeds of about HK$40.3 million for general working capital.The new shares represent about 20% of Sunshine Oilsands' existing issued share capital and about 16.7% of the enlarged share capital after the allotment.
Sunshine Oilsands (HKG:2012) recorded an attributable loss of CA$20.4 million in the first quarter of 2026, wider than CA$9.7 million a year prior, according to a Thursday Hong Kong bourse filing.Loss per share was CA$0.0033, compared with CA$0.0293 in the corresponding period of the previous fiscal year.Petroleum sales remained at CA$0 in the three months, mainly due to a loss of revenue due to equipment maintenance at West Ells.
Sunshine Oilsands (HKG:2012) entered into a non-binding cooperation framework agreement with Guangdong Shouren Supply Chain Management, according to a Monday Hong Kong bourse filing.Under the agreement, the company will supply crude oil and bitumen.At the same time, Guangdong Shouren will prioritize procurement from Sunshine Oilsands, with an annual volume of at least 500,000 tonnes over a three-year term, the filing showed.The parties will negotiate pricing terms separately, and the agreement does not create legally binding obligations.
