KrisEnergy receives 4th extension of debt moratorium
KRISENERGY has been granted a fourth extension to its debt moratorium, the upstream oil and gas company said in a filing to the Singapore Exchange on Monday.
The moratorium granted in September last year will now apply until Oct 27.
The firm is seeking protection from its creditors, which include DBS Bank, Keppel Shipyard, Rubicon Vantage International and holders of the various notes the company has issued, as it tries to restructure a debt to the tune of US$476.8 million.
KrisEnergy shares have been suspended since last August.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Apple is working on its own AI chip for data centres: WSJ
European oil giants consider shifting their listings to the US
ExxonMobil sees Hess arbitration dragging into 2025, CEO says
Gold prices tick higher on US rate cut bets
Nomura targets 20% revenue growth from global markets business