Brief: Keppel corporation updates on Krisenergy's proposed preferential offering

KrisEnergy

02/11/2016 23:05

Nov 3 (Reuters) - Keppel Corporation Ltd  KPLM.SI  
    * Refers to announcement by Krisenergy ltd. In relation to 
Krisenergy's proposed non-renounceable and non-underwritten 
preferential offering 
    * Maximum subscription is not expected to have a significant 
adverse impact on  earnings of company and its subsidiaries for 
FY16 
    * Devan is currently in process of transferring existing 
devan shares to its sole shareholder, keppel oil & gas pte. ltd. 
    * Keppel oil & gas is in discussions with Krisenergy to 
provide an irrevocable undertaking to Krisenergy 
    * Keppel -co and Krisenergy are also in discussions to 
establish a preferred partner relationship where keppel offshore 
& marine will provide krisenergy with offshore and marine 
solutions 
    * Estimated gross proceeds which will be raised from 
preferential offering will be approximately S$139.1 million 
 
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