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Brightoil ex-chairman returns as strategic adviser

The company cited Sit Kwong Lam’s many years of experience in the oil and gas industry and his record as chairman and executive director from 2008. Dr Sit has been appointed for a three-year term and will be paid $229,596 a year not including bonuses

Brightoil expects a HK$452m consolidated loss for the six months to end of 2018 and all its vessel assets have been put under arrest

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