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Published on 1/20/2015 in the Prospect News Convertibles Daily, Prospect News Distressed Debt Daily, Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Titan Petrochemicals Group winding up petition adjourned to March 13

By Caroline Salls

Pittsburgh, Jan. 20 – Titan Petrochemicals Group Ltd.’s winding up petition was adjourned to March 13 by the Supreme Court of Bermuda, according to a company news release.

The winding up petition was filed by KTL Camden Inc.

In addition, Titan said trading in its ordinary shares will remain suspended until further notice. Trading was initially suspended on June 19, 2012.

Titan is a Hong Kong-based trader of petrochemicals and oil products.


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