KS ENERGY'S chief executive and directors have resigned, a day after the company was ordered by the High Court to be put under judicial management (JM).

KS Energy’s executive director and CEO Richard James Wiluan, along with the company’s independent directors Chew Choon Soo, Lawrence Stephen Basapa and Soh Gim Teik have resigned on Oct 13. The news comes after the appointment of judicial managers, Andrew Grimmett and Lim Loo Khoon of Deloitte &...

A SECOND attempt by Indonesia's Wiluan family to fight OCBC's bid to place KS Energy and a key unit under judicial management (JM) failed on Tuesday.

A SECOND shot by Indonesia's Wiluan family to fight key creditor OCBC's bid to place KS Energy and a key unit under judicial management (JM) failed on Tuesday.

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly...

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly...

INDONESIAN tycoon Kris Wiluan of embattled oil services firm KS Energy has described OCBC's attempt to use the criminal charges filed against him as a basis for its judicial management (JM) application as "disingenuous", court documents have revealed.

IT was heavily contested by the beleaguered KS Energy but in the end, OCBC won, with the Singapore High Court on Monday granting the lender's application to place the oil services firm and a key operating subsidiary under interim judicial management (IJM).

The Singapore High Court has granted OCBC Bank’s application to place KS Energy and its subsidiary, KS Drilling, under judicial management. The bank, on August 28, filed applications to put the company under judicial management after it sent letters of demand to KS Energy, KS Drilling, and six oth...

OCBC has filed applications with the High Court of Singapore to place KS Energy and its principal subsidiary, KS Drilling, under judicial management (JM), although the troubled offshore and marine group is suggesting an alternative solution.