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KrisEnergy seeks protection as it restructures debts of US$476.8m

Creditor and shareholder Keppel supports application for debt moratorium as legal action by creditors may derail KrisEnergy's ability to develop a debt restructuring plan

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KrisEnergy seeks 6-month stay as it "would not be feasible" for it to make payment of its financial obligations as they fall due.

Singapore

UPSTREAM oil and gas (O&G) firm KrisEnergy has filed for a six-month debt moratorium, seeking court protection from creditors' legal action while it restructures its debt totalling US$476.8 million.

Keppel Corporation, a creditor and shareholder of KrisEnergy, has...

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