Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
KRISENERGY LTD.
Security
KRISENERGY LTD. - KYG532261099 - SK3
Note: In line with current market practice, all securities related to the trading counter have also been similarly suspended.

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
14-Aug-2019 08:00:20
Status
New
Announcement Reference
SG190814SUSP8JUI
Submitted By (Co./ Ind. Name)
Sally Ting
Designation
General Counsel
Narrative Type
Narrative Text
Additional TextAs previously disclosed in various announcements by the Company, the Group is over-geared and under-equitised and has appointed advisors to formally review and implement all available options to the Group in order to improve the financial condition of the Group, which is critical.
Additional TextAccordingly, the Board has recommended that trading of the Group s securities be suspended as the Group presses on to engage the broader stakeholder groups to explore restructuring options.
Additional TextThis is also to ensure that no person is trading in the shares and related securities of the Company without sufficient information that is required to enable such a person to make an informed decision.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.