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KS Energy gets approval to extend maturity of S$45m convertible bonds

MAINBOARD-LISTED energy services company KS Energy said that it will be extending the maturity date of its convertible bonds worth S$45 million from Sept 21 to Dec 21.

It will also increase the redemption amount of the bonds payable on the amended maturity date.

KS Energy said that approval in the form of a resolution in writing was granted by bondholders on Tuesday.

The issuance of S$45 million in aggregate principal amount of 6 per cent convertible bonds due 2016 were constituted in March 21, 2013.