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Hengyang Petrochemical asks for SGX trading suspension
The Straits Times
|October 17, 2025
Singapore-listed Hengyang Petrochemical Logistics has requested that its shares be suspended from trading on the local exchange, after the company, its chief executive and one of its affiliates were added to a US sanctions list.
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The Singapore-registered, China-based petrochemical logistics and storage service provider on Oct 16 requested a suspension of the trading of its shares, which have been halted from trading since Oct 13.
Hengyang and its CEO and controlling shareholder Gu Wenlong, as well as Jiangyin Foreversun Chemical Logistics (Foreversun) - in which Hengyang holds an indirect 41.64 per cent stake were added to the US Specially Designated Nationals (SDN) List on Oct 9.
Bu hikaye The Straits Times dergisinin October 17, 2025 baskısından alınmıştır.
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