KrisEnergy rides wave of speculation
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
COULD KrisEnergy soon be getting a lucky break?
The stock has seen its share price rise since the beginning of the month, accompanied by a surge in volume. Talk in the market is that Keppel Corporation - which holds a 40 per cent stake in the oil and gas exploration and production firm - might lend a hand to the firm to restructure its loans.
When asked about this, both KrisEnergy and Keppel Corp declined to comment. "We do not comment on market rumours," both said in separate responses to The Business Times.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘We’ve seen the worst-case scenario’: How Indonesia’s Cinema XXI navigated crisis and change
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Auditors flag uncertainty on Katrina Group’s ability to continue as a going concern
