(EnergyAsia, July 30, Monday) — Singapore’s KS Energy said it has sold a strategic to Stark Investments, a US-based investment fund, for S$131.6 million. (US$1=S$1.5).Stark will buy 10 million KS Energy ordinary shares for a total of S$34.8 million and a five-year zero-coupon convertible bond valued at S$96.8 million.With the ordinary share placement, Stark will…
SINGAPORE: US investment fund pays S$131.6 million for strategic stake in KS Energy
Posted on July 29, 2007 by EnergyAsia