Singaporean contractor Emas Offshore, which holds 11.5% in Perisai Petroleum, said it is “monitoring the situation” following the default on a S$125 million (US$90.32 million) payment on principal and interest of notes by Perisai Capital.
Following the default by its subsidiary, Perisai Petroleum said: “The company will not be able to meet the payment of the principal and interest of the notes when the same, which is guaranteed by the company, is demanded.
