Cash-strapped independent KrisEnergy has applied to the Singapore High Court for a six-month moratorium during which no resolution will be passed to wind up the company or no receiver be appointed.
KrisEnergy wants to commence a court-supervised process to reorganise its liabilities alongside the moratorium against enforcement actions and legal proceedings by its creditors.
Options being considered include the potential sale of some upstream assets and a potential acquisition of the company as a whole.
