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
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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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