On Aug 14, 2019, Keppel Corporation supported KrisEnergy’s initial application to the High Court of Singapore for moratorium protection as its significant direct creditor.
Keppel Corporation says it is prepared to support KrisEnergy’s final restructuring proposal.
KrisEnergy on August 21 released its final proposal, where unsecured debt holders under the scheme will receive a higher allocation of equity. There will be a reduced dilution for existing shareholders under the same scheme.
