Hong Kong's Tor applies to clear Twinza Oil ownership restructure in Papua New Guinea

( August 21, 2025, 08:12 GMT | Official Statement) -- MLex Summary: Hong Kong-based asset manager Tor Investment Management has sought the approval of Papua New Guinea’s antitrust regulator over the proposed ownership restructure of Twinza Oil. In a statement, the Independent Consumer and Competition Commission said that Tor’s application proposed a financial restructure that would leave the company owning more than 75 percent of shares in Twinza, meaning that Tor would indirectly hold a more than 75 percent ownership in Twinza PNG and Twinza Pandora. Twinza is an upstream energy company incorporated in Australia and is the parent company of Twinza Oil (PNG) and Twinza Oil (Pandora), both of which operate in Papua New Guinea.The application is attached; the full statement from the ICCC follows: ...

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Hong Kong's Tor applies to clear Twinza Oil ownership restructure in Papua New Guinea

Prepare for tomorrow’s regulatory change, today

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