G3 Exploration Limited (LON:G3E) has suspended trading in its share following a request for liquidators to be appointed by its principal bondholder.

Nordic Trustees presented the petition in Grand Cayman, with a date for the hearing set for 11 December.

G3 added that its request for suspension is being considered by the FCA though at 2.30pm on Thursday trading in the China-focused gas group’s share had been halted at 20.4p.

In its latest half-year results, bonds and their associated accrued interest amounted to approximately US$117mln.