KrisEnergy shares tumble on debt covenant stress
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES in upstream oil and gas firm KrisEnergy, majority-owned by Keppel Corporation, tumbled on Tuesday, after it warned of possible stress on debt covenants and said that it was exploring several options to raise funds.
The counter, which opened at 11.8 Singapore cents, fell to as low as 10.2 cents before paring some losses to close the day at 10.7 cents, still down 11.6 per cent from the previous day.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
