Legal & Regulatory
The Hinduja Group, owner of several lubricant businesses, is embroiled in a dispute between the four aging brothers who control the parent company. The eldest has asked a London court to nullify a 2014 agreement that the siblings control the company’s assets collectively, clearing the way for different parts to be separated.
Tianhe Chemicals Group’s listing on the Hong Kong Stock Exchange was cancelled Thursday after a review panel late last month upheld a previous decision to boot the company for failing to meet its requirements.
Shipments of castor oil derivatives are flowing from India once again, easing availability of popular grease additives after supplies were constrained last month by a lockdown meant to combat Covid-19.
The Chinese government announced on Wednesday a six-month postponement to nationwide implementation of its China VI emissions standard for light-duty vehicles, which had been scheduled to take effect July 1.
Hin Leong Trading, the giant oil trader at the center of one of Asia’s biggest current business scandals, is also a lubricants supplier with a plant in Singapore and a grease and a lubricant plant in China.
Tianhe Chemicals Group is scheduled to appear before a Hong Kong Stock Exchange disciplinary board today to appeal its delisting after the company’s prolonged suspension for failing to meet exchange requirements.
A Sri Lankan government agency raided 15 retail shops in mid-February and confiscated unauthorized lubricants as part of an effort to address the increasing number of consumer complaints about sales of low-quality lubricants in the market.
The International Maritime Organizations IMO 2020 regulation was implemented at the start of the year, heralding big changes in the fuels used by ship operators and the lubricants that protect their engines.
Tianhe Chemicals Groups trading privileges on the Hong Kong Stock Exchange will remain suspended until further notice, the company announced Wednesday, as it awaits a decision on a potential delisting.
The Competition Commission of Pakistan served notice last month of a finding that Hi-Tech Blending (Pvt) Ltd. used false and misleading statements in a promotion of Zic brand lubricants.