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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

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.

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Companies & Markets

Companies & Markets

Wiluan family loses bid to stop JM order on KS Energy

Anita Gabriel

KEYWORDS IN THIS ARTICLE

Companies & Markets

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

iFast Q1 net profit surges on ePension unit performance

Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution

US: Wall St opens lower as Meta Platforms, economic data weigh

Sheng Siong Q1 net profit up 9.3% on higher revenue

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