Sunshine Oilsands plans share issuance to creditors to repay debt
The HKEX-listed Canadian oil driller has filed a share issuance to its creditors to pay for HK$38.4m worth of debt, amidst the company’s painful restructuring process.
Sunshine Oilsands, a Canadian and Hong Kong-listed oil drilling company, has announced a share issuance plan to its creditors to settle HK$38.4 million ($4.9 million) in debt.
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