CHK Oil Controlling Shareholder Secures HK$16 Million Loan with Share Pledge
CHK Oil Limited announced that its controlling shareholder, Xin Hua Petroleum (Hong Kong) Limited, has secured a HK$16 million loan by pledging 80,000,000 ordinary shares to Squadron Funding Capitalization Investor SPV2025, Ltd. The loan amount will vary based on the market price of the pledged shares. The lender is independent of CHK Oil Limited. Shareholders and investors are advised to exercise caution when dealing in the company’s shares.
CHK Oil Limited announced that its controlling shareholder, Xin Hua Petroleum (Hong Kong) Limited, has entered into a loan agreement with Squadron Funding Capitalization Investor SPV2025, Ltd., a special purpose vehicle established by Squadron Capital Partners, Ltd. Under the agreement, Xin Hua Petroleum will pledge 80,000,000 ordinary shares of CHK Oil Limited to secure a non-recourse loan facility of approximately HK$16,000,000. The actual loan amount will vary based on the market price of the pledged shares. The lender is independent of CHK Oil Limited and its connected persons. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CHK Oil Ltd. published the original content used to generate this news brief on November 20, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
