KrisEnergy

Markets

'Blizzard' strikes North America; Yangzijiang plunges, KrisEnergy seeks bankruptcy protection

SINGAPORE (Aug 19): On Wednesday, US markets plunged on recession fears after the yield on the 10-year US Treasury Note broke below the two-year rate, producing an inverted curve, an indicator of economic recession.

Restructuring

KrisEnergy seeks court protection as debt mounts to as much as US$477 mil

SINGAPORE (Aug 15): KrisEnergy has asked for a court order to restrain the commencement of legal proceedings and enforcement actions by its creditors, for a period of six months.

Results

KrisEnergy narrows FY17 losses to US$139 mil on lower expenses

SINGAPORE (Mar 1): Upstream oil and gas company KrisEnergy posted full-year losses of US$139.2 million ($183.7 million) for the FY17 ended December on the back of lower expenses, improving from losses of US$235.3 million a year ago.

Cambodia government and KrisEnergy seal terms for Cambodia Block A oil development

SINGAPORE (Aug 23): The Royal Government of Cambodia and KrisEnergy today jointly announced the signing of fiscal and technical agreements for the nation’s first oil field development in Cambodia Block A in the Gulf of Thailand.

Results

KrisEnergy’s 1H net loss narrows to US$26.1 mil on higher sales and fair value gain

SINGAPORE (Aug 14): Oil and gas (O&G) explorer KrisEnergy reported a smaller 1H17 net loss of US$26.1 million ($35.5 million), down from US$45.2 million in 1H16.

Results

KrisEnergy swings back to profitability in 1Q despite lower production

SINGAPORE (May 12): KrisEnergy reported 1Q17 earnings of US$55.7 million compared to a loss of US$18.3 million a year ago.

Keppel subscribes for 107.2 million KrisEnergy notes

SINGAPORE (Feb 1): Keppel Corporation’s indirect wholly subsidiary KOG has subscribed for 107 million notes with 964.9 million warrants under KrisEnergy’s non-renounceable non-underwritten preferential offering.

Market Close

Singapore shares end lower on profit-taking

SINGAPORE (Dec 9): Singapore shares snapped a three-day winning streak to end lower on Friday, as investors booked some profits.

Singapore says private banks should reveal rebates on bond sales

SINGAPORE (Nov 22): Singapore’s central bank said that revised industry guidelines will ask private banks to disclose rebates they receive from selling new bond issues to clients prior to each transaction.
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