Perisai Petroleum Teknologi is set to initiate discussions with holders of its Singapore dollar notes, without providing further details.
The Kuala Lumpur-listed company is the latest offshore company to seek increased financial flexibility in the face of the industry downturn.
Its SGD 125m ($92.7m) securities due 3 October have dropped to a record low 60 cents in recent days, according to prices from DBS Group.
The
