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another counter suspended is the Ezra
return us our retirement fund
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
Never see all these not so dulan.. see these announcements keep coming more
Hot.. nnb
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.
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.
how to get retirement fund return from here
can anybody help
can anybody help
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.
Joelton ( Date: 07-Jun-2021 09:34) Posted:
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U born in US maybe can get something back. SG, bye bye your money.
CFAsenior ( Date: 07-Jun-2021 18:28) Posted:
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can anybody advice how to get our money back
worst than hyflux not even jm
retirement fund gone
worst than hyflux not even jm
retirement fund gone
maybe looi bo gao liao???
ysh2006 ( Date: 06-Jun-2021 08:20) Posted:
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Any one knows ah Kong's losses on this investment? 😒 😒
Joelton ( Date: 07-Jun-2021 09:34) Posted:
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I think this type of company no white knights will step forward to save..
Joelton ( Date: 07-Jun-2021 09:34) Posted:
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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.
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
TA_Expert ( Date: 05-Jun-2021 17:27) Posted:
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Rest in peace.........
人 在 做 天 在 看 ， think too many(big fish and small fish) loss money here becos of kepple brand name.
Only Temasek and Keppel will know.
Just like NOL, mismanagement is the best guess.
Just like NOL, mismanagement is the best guess.
ysh2006 ( Date: 06-Jun-2021 08:20) Posted:
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Why keppel don't want save this company ? oil exploration not profitable and sunset industry ?
TA_Expert ( Date: 05-Jun-2021 17:27) Posted:
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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..
joe1991 ( Date: 05-Jun-2021 08:47) Posted:
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Agree. Like cant wait to shut it down.
Not even JM. Straight away wind up. Big loss for keppel and it?s investors.