Many KrisEnergy investors remain unhappy over revised debt workout

Singapore

AS the clock ticks for KrisEnergy to get what appears to be an elusive nod from investors on an already delayed debt workout plan, it appears there is no pleasing everyone - chiefly its bondholders.

After an hour-and-a-half-long informal investor meeting via electronic means with the upstream oil and gas company's top officials on its restructuring scheme, bondholders are no less unhappy than they were earlier; this is despite the firm having tweaked its plan last week to give unsecured debt holders a bigger share of equity.