Thailand's Bangchak Corporation acquired Chevron Hong Kong, including 31 Caltex petrol stations, for HK$2.1 billion (US$270 million). The deal serves as Bangchak's entry into North Asia, with Caltex branding maintained under a licensing agreement with Chevron.
The Asian Tour and Korea Golf Association have admitted fault regarding the delayed ruling and communication issues that led to a penalty for golfer Hur In-hoi during the GS Caltex Maekyung Open playoff.
Hur In-hoi was penalized two shots for playing the wrong ball in the GS Caltex Maekyung Open, dropping him from a tie for the lead to third place and costing him a chance at the title.
In-hoi Hur was penalized two strokes for signing an incorrect scorecard after Saturday's third round at the GS Caltex Maekyung Open, dropping him from a potential playoff to a tie for third at nine under. The Korean was seven-under through 13 in his final round, unaware of the impending penalty that ultimately cost him a chance at victory.
In-hoi Hur was handed a two-stroke penalty at the GS Caltex Maekyung Open in Korea on Sunday after signing for a wrong score. Hur was seven-under through 13 holes in his final round, sitting one shot off the lead at 11 under, when he was penalized for an error from Saturday's third round. A spotter picked up Hur's first ball on the seventh hole believing it was out of bounds, and after a Korean Golf Association referee ruled the first ball should not be counted, Hur signed for what he believed was a par.
