How will Kris Energy's bankruptcy impact Keppel?

Submitted By:  Staff Reporter Case Study:  No The amount of Keppel's enlarged stake in Kris is worth $131m in H1 2019. Kris Energy’s bankruptcy is unlikely to deal a heavy blow on Keppel Corporation even in a worse-case scenario, according to a report by UOB Kay Hian. Keppel has invested nearly $400m in the energy firm since its 2013 IPO and holds a 40% stake in the oil and gas firm, which is equivalent to 1.7% of Keppel’s current market cap. The carrying amount of this stake on Keppel’s balance sheet decreased by 64% to $131m as of H1 2019. read more