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KrisEnergy to raise S$169.5m from 42-for-100 rights issue

Proposed issue of 440.1m new shares will be at 38.5 cents per rights share

Singapore

KRISENERGY on Monday announced a S$169.5 million rights issue to support its strategy of growing oil and gas production in its existing fields, as well as near-term development projects.

The announcement comes after the upstream oil and gas company received on the same