Corporate digest

Perisai Petroleum Teknologi

PERISAI Petroleum Teknologi Bhd together with joint venture partner Emas Offshore Limited (EOL) had received an "indicative offer" of financing from a financial institution on Sept 30. The Malaysian-listed offshore services firm said part of the amount from the indicative offer would be earmarked for a mutually acceptable alternative proposal with bondholders based on the availability of some US$20 million to the Perisai Group. This follows a meeting with bondholders on Monday where the firm failed to push through its proposal to extend the maturity date of its S$125 million bonds due on the same day.

Great Eastern Holdings