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Wiluan family loses bid to stop JM order on KS Energy

High Court grants OCBC's application to place ailing Singapore-listed oil services firm under judicial management

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Anita Gabriel

Anita Gabriel

Published Tue, Oct 13, 2020 · 09:50 PM

    Singapore

    A SECOND attempt by Indonesia's Wiluan family to fight OCBC's bid to place KS Energy and a key unit under judicial management (JM) failed on Tuesday.

    In a two-hour JM hearing at the Singapore High Court that was hotly contested by the management of the beleaguered firm, Justice Aedit Abdullah granted OCBC's application and placed a JM order over the ailing Singapore-listed oil services firm.

    ks energyOCBCjudicial managementOil and gasKris Wiluan

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