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Judge cites 'clear case of balance sheet insolvency' for placing KS Energy, key unit under IJM

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KS Drilling is an 80.09 per cent-owned subsidiary of KS Energy, which had provided a US$150 million guarantee for the term loan.

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice...

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