UPDATE ON:

  • CREDITORS' VOLUNTARY LIQUIDATION OF SUBSIDIARY; AND
  • RECEIPT OF WRIT OF SUMMONS BY SUBSIDIARY

The Board of Directors ("Board") of BH Global Corporation Limited ("Company" and, together with its subsidiaries, "Group") refers to the announcements made by the Company on 4 and 10 September 2015, 12 October 2015, 1 December 2015, 14 January 2016, 4 March 2016, 1 April 2016, 3 May 2016,1 June 2016 and 4 July 2016 in relation to the liquidation of Oil & Gas Solutions Pte Ltd ('OGS'). Unless otherwise defined, capitalised terms herein shall have the same meanings ascribed in the announcement of 4 September 2015.

The Board wishes to update shareholders that the liquidator of OGS declared a first and final dividend from the liquidation and the Group received an amount of $283,542.38, being 2.29% of all admitted ordinary claims.

BY ORDER OF THE BOARD

Vincent Lim Hui Eng

Executive Chairman and Chief Executive Officer

16 December 2020

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BH Global Corporation Limited published this content on 16 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2020 12:16:01 UTC