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KrisEnergy's shares rise on approval for bond restructuring, but some noteholders disappointed
With the "yes" vote, the other parts of the firm's financial restructuring plans also fall into place
Add BT as a preferred sourcePublished Fri, Dec 9, 2016 · 09:50 PM
Singapore
KRISENERGY'S bond restructuring proposal was passed by bondholders on Friday, to the disappointment of a group of bondholders who had earlier asked for better terms.
The company's shares, which had been placed on a trading halt in the morning when the noteholders' meetings were being held, rose 3 per cent to close at 20 Singapore cents amid heavy trading.
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