Brief: Krisenergy Received Notice From DBS Bank & Madison Pacific Trust

KrisEnergy

07/06/2021 15:10

June 7 (Reuters) - KrisEnergy Ltd  KRIS.SI :
    * RECEIVED NOTICE FROM DBS BANK IN RELATION TO REVOLVING
CREDIT
FACILITY BETWEEN, AMONG OTHERS, KRISENERGY (ASIA) LTD AND DBS
    * RECEIVED NOTICE FROM MADISON PACIFIC TRUST IN RELATION TO
CREDIT
FACILITY BETWEEN, AMONG OTHERS, KRISENERGY (APSARA)
    * DBS HAS CANCELLED TOTAL COMMITMENTS UNDER RCF AND DECLARED
THAT
ALL LOANS ARE NOW PAYABLE ON DEMAND
    * MADISON PACIFIC HAS NOTIFIED OF AN EVENT OF DEFAULT UNDER
CAMBODIA LOAN FACILITY
    * DBS AND MADISON PACIFIC PROVIDED NOTICE THAT THEY ARE
ENTITLED
TO TAKE ENFORCEMENT ACTION AND INTEND TO DO SO IN NEAR FUTURE

Source text for Eikon:  ID:nSN6Y87XC 
Further company coverage:  KRIS.SI 

 (Reuters.briefs@thomsonreuters.com)