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KrisEnergy launches capital restructuring exercise; Keppel in talks to support plan

It is planning a preferential offering to raise up to S$140m to help it ride out contraction in oil and gas sector

Singapore

KEPPEL Corp is in talks to support KrisEnergy in its proposed preferential offering which would give the financially-strapped upstream oil and gas firm a lifeline as it announces a fourth straight quarter of losses.

Shares in both companies rose on Thursday, with

sentifi.com

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