SUBSCRIBERS
Corporate digest
Add BT as a preferred sourcePublished Tue, Nov 24, 2020 · 09:50 PM
KrisEnergy
THE winding-up petition against a key subsidiary of debt-hit oil-and-gas company KrisEnergy will be withdrawn after KrisEnergy, together with four of its business units, on Tuesday reached a US$15.3 million settlement with Rubicon Vantage International and its affiliate.
Upon execution of the settlement deed, Rubicon will immediately withdraw the winding-up petition and its statutory demands against KrisEnergy's wholly owned subsidiary, KrisEnergy (Gulf of Thailand) (KEGOT) in the Cayman Islands.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
