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KrisEnergy
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tth1311
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18-Jun-2021 20:54
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another counter suspended is the Ezra | ||||
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CFAsenior
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18-Jun-2021 18:31
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  return us our retirement fund |
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TraderBen
Supreme |
08-Jun-2021 23:09
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https://www.sgx.com/mobileapp?action=view&cat=company-announcements&id=T78K7LGJDNUGBHW8
Never see all these not so dulan.. see these announcements keep coming more Hot.. nnb |
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joe1991
Veteran |
08-Jun-2021 21:04
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This is papa replied.  KCL benefits from a comprehensive first ranking security package over the assets of the KrisEnergy group. In view of KrisEnergy&rsquo s filing of a winding-up petition, KCL is now implementing detailed recovery plans developed in consultation with its financial advisor and legal adviser to preserve KrisEnergy&rsquo s assets and to maximise recoveries for KCL. Amongst other things, this will include imminently using that security package to appoint Patrick Bance, Mitchell Mansfield and Kent McParland each of Borrelli Walsh as joint and several receivers (&ldquo Receivers&rdquo ) over the assets of a number of members of the KrisEnergy group including over the shares in and assets of KrisEnergy (Asia) Ltd. Once appointed, the Receivers will pursue all necessary action to maximise recoveries for the benefit of KCL. |
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CFAsenior
Member |
08-Jun-2021 16:02
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how to get retirement fund return from here can anybody help |
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teeth53
Supreme |
08-Jun-2021 11:49
Yells: "don't learn through life, learn to grow with life " |
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https://www.straitstimes.com/business/companies-markets/krisenergy-submits-winding-up-petition-to-court-says-unable-to-pay-its ☆ 》 Due to disappointing production performance at its Apsara oilfield offshore Cambodia.
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Alvin2042
Master |
07-Jun-2021 18:34
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U born in US maybe can get something back. SG, bye bye your money.
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CFAsenior
Member |
07-Jun-2021 18:28
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can anybody advice how to get our money back worst than hyflux not even jm retirement fund gone |
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ssw518
Supreme |
07-Jun-2021 16:45
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maybe looi bo gao liao???
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Stocky901
Supreme |
07-Jun-2021 16:06
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Any one knows ah Kong's losses on this investment? 😒 😒
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TraderBen
Supreme |
07-Jun-2021 10:36
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I think this type of company no white knights will step forward to save..
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Joelton
Supreme |
07-Jun-2021 09:34
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KrisEnergy submits winding-up petition
TROUBLED oil and gas group KrisEnergy announced in a regulatory update late on Friday that it has submitted a winding-up petition to the Grand Court of the Cayman Islands.
The firm said that based on actual and contingent liabilities, it is unable to pay its debts and will proceed with liquidation.
The decision comes as the company' s liabilities have exceeded the value of assets. There is also a lack of acceptable alternative restructuring options and little possibility of near-term infusion of fresh funds.
KrisEnergy devised a restructuring plan after its revenue took a hit from lower oil prices and lower sales in 2019. As at June 30, 2019, total debt on the group' s balance sheet was US$476.8 million, while gearing stood at 110.8 per cent.
But the restructuring plan was shelved given the " significantly lower ultimate recovery and cashflow" from its Apsara oil field in Cambodian oil concession Block A.
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TraderBen
Supreme |
07-Jun-2021 07:20
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True, nowadays got ah gong ah ma also not 100% reliable. Take it as lesson learnt. Spit on the management team. The whole team brought in by keppel
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boyboy61
Supreme |
07-Jun-2021 05:41
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Rest in peace......... | ||||
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joe1991
Veteran |
06-Jun-2021 14:25
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人 在 做 天 在 看 ， think too many(big fish and small fish) loss money here becos of kepple brand name. | ||||
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TA_Expert
Supreme |
06-Jun-2021 14:21
Yells: "The World has changed" |
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Only Temasek and Keppel will know. Just like NOL, mismanagement is the best guess.
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ysh2006
Supreme |
06-Jun-2021 08:20
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Why keppel don't want save this company ? oil exploration not profitable and sunset industry ?
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ysh2006
Supreme |
05-Jun-2021 17:20
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June 4 two company announced close shop....previously got big Ah Kong & Ah Ma also no use...hope aviation company issue many right and bond share can survive Ah kong Ah Ma cannot help loh..
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joe1991
Veteran |
05-Jun-2021 08:47
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Agree. Like cant wait to shut it down. | ||||
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TraderBen
Supreme |
05-Jun-2021 08:25
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Not even JM. Straight away wind up. Big loss for keppel and it?s investors. | ||||
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