You are here

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

The latest development is a major blow to founder Kris Wiluan, who had resisted the JM bid, and is separately facing 112 charges of alleged false trading and market rigging.


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,...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to