(Bloomberg) -- China Aviation Oil (Singapore) Corp.,
which sought protection from creditors in 2004 after a trading
scandal, appointed new managers to run the company.
The jet-fuel supplier appointed Zhang Zhenqi as the
executive director and general manager of a group called the
`Senior Officers Meeting', the company said in a filing to the
Singapore Exchange today. Zhang was formerly the deputy head of a
task force appointed in November 2004 to restructure the company
after it revealed $550 million in losses in 2004, built up
because of bad bets on the price of oil.
Read more at Bloomberg Energy News
which sought protection from creditors in 2004 after a trading
scandal, appointed new managers to run the company.
The jet-fuel supplier appointed Zhang Zhenqi as the
executive director and general manager of a group called the
`Senior Officers Meeting', the company said in a filing to the
Singapore Exchange today. Zhang was formerly the deputy head of a
task force appointed in November 2004 to restructure the company
after it revealed $550 million in losses in 2004, built up
because of bad bets on the price of oil.
Read more at Bloomberg Energy News
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