SINGAPORE : A Perisai Petroleum Teknologi Bhd bondholder has recorded an appeal to in a Malaysian court to twist up the organization, which defaulted on a S$125 million ($90 million) bond after financial specialists dismisses a demand for an expansion on its Oct. 3 development date.
The request of was recorded by Ravi Murarka, who says he holds S$15 million of the issue, as per the organization's announcement to the stock trades on Thursday.
The organization, an oil and gas administrations supplier, said the request of itself isn't relied upon to have a noteworthy monetary or operational effect. The firm has looked for preparatory legitimate exhortation and plans to challenge the appeal.
The organization not long ago said it got a notice from the bonds trustee requesting quick reimbursement of the bonds and intrigue.
A few backers of Singapore dollar bonds in the seaward and marine division are confronting strain in meeting their obligation responsibilities, as tumbling worldwide oil costs and low request have harmed deals and benefits.
These incorporate oilfield administrations organization Swiber Holdings , which was set under legal administration this month.
Latest Updates :
No comments:
Post a Comment