It is reported by the Wisers Information Limited that Jutal Oil Ser (03303) resumed trading this morning and fell more than 23% at one point. As of the publication of this article, it fell by 19.57% to HKD 0.74 with a turnover of HKD 2.7934 million.

On the news front, the board of directors of Jutal Oil Ser announced that it had paid attention to the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury that had put Jutal's wholly-owned subsidiary, Penglai Jutal, on the Specially Designated Nationals list (SDN list). Penglai Jutal is mainly engaged in the design, manufacture, installation, and maintenance of marine oil and natural gas production and development facilities, port machinery, petrochemical equipment, steel structures, logistics services for the maritime industry, and terminal and warehousing services. According to the company, the group has no assets or business in the United States. The current customers of the group may include US persons, but the group's preliminary rough assessment suggests that the amount involved may not be significant. Although the company is conducting further assessments on the potential impact of Penglai Jutal's inclusion on the SDN list by OFAC, the company's preliminary assessment suggests that it may have potential adverse effects on the group's business and prospects.

According to the company, the group has no assets or business in the United States. The current customers of the group may include US persons, but the group's preliminary rough assessment suggests that the amount involved may not be significant. Although the company is conducting further assessments on the potential impact of Penglai Jutal's inclusion on the SDN list by OFAC, the company's preliminary assessment suggests that it may have potential adverse effects on the group's business and prospects.