Edition:
United States

Ezra Holdings Ltd (EZRA.SI)

EZRA.SI on Stock Exchange of Singapore

0.01SGD
--
Change (% chg)

-- (--)
Prev Close
$0.01
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
43,519,516
52-wk High
$0.11
52-wk Low
$0.01

Latest Key Developments (Source: Significant Developments)

Ezra Holdings says Chan Eng Yew resigns as interim CFO
Monday, 27 Mar 2017 11:48am EDT 

Ezra Holdings Ltd :Resigntion of Chan Eng Yew as interim chief financial officer.  Full Article

Ezra updates on restructuring & Chapter 11 Filing
Friday, 24 Mar 2017 11:22am EDT 

Ezra Holdings Ltd :"outcome of restructuring & ezra chapter 11 filing may material impact co's audited financial statements for year ended 31 august 2016".  Full Article

Loyz Energy updates on restructuring proceedings commenced in U.S. by Ezra
Wednesday, 22 Mar 2017 05:28am EDT 

Loyz Energy Ltd : Board notes that company and EZRA have a common substantial shareholder, Lionel Lee Chye Tek . Group does not have any business and financial dealings with ezra .Board does not expect EZRA restructuring proceedings to have material adverse impact on group in respect of bank loans and group's financial results for FY2017.  Full Article

Triyards Holdings updates on restructuring proceedings commenced by Ezra Holdings Limited
Tuesday, 21 Mar 2017 10:48am EDT 

Triyards Holdings Limited : Restructuring Proceedings Commenced By Ezra Holdings Limited In The United States . Company is currently seeking advice on Ezra chapter 11 filing, as well as assessing impact of such filing on group .Co not aware of any actions by group's financial institutions as a result of Ezra chapter 11 filing and does not have a going concern issue.  Full Article

Ezra Chapter 11 Filing may have negative impact on Emas Offshore
Monday, 20 Mar 2017 07:49am EDT 

Emas Offshore Ltd : Announcements in relation to restructuring proceedings commenced by Ezra Holdings Limited (Ezra) in United States .Says Ezra Chapter 11 Filing may have a negative impact on the Group.  Full Article

Ezra Holdings receives statutory demand by Vt Halter Marine
Thursday, 9 Mar 2017 09:20am EST 

Ezra Holdings Limited : Statutory demand by Vt Halter Marine . Company received a statutory demand from solicitors of VT Halter Marine . Company is seeking legal advice in respect of statutory demand and assessing impact of statutory demand against group . Statutory demand in relation to a claim made by VTH against co for payment of a sum of US$3.2 million together with accruing interest .Claim against co for sum which is due and owing by co as parent corporate guarantor for loan agreement entered between VTH and EMAS Chiyoda Subsea.  Full Article

Ezra Holdings updates in relation to EMAS Chiyoda Subsea Ltd
Thursday, 2 Mar 2017 10:39am EST 

Ezra Holdings Limited : Announcement In Relation To Emas Chiyoda Subsea Limited . Board of directors of EMAS Chiyoda Subsea decided to commence ECS chapter 11 filing which it believes to be in best interest of all ECS' stakeholders . Refer to article titled "creditor may drop winding-up action against EMAS AMC" published in Business Times on 28 feb . Co "understands from ECS that EMAS Marine Base Llc has defaulted on its payment obligation in relation to its acquisition of a spoolbase in Ingleside" . Company understands from ECS that claims made by Necotrans Singapore Pte Ltd against EMAS-AMC pte ltd has been settled . Also refer to article titled "ezra's trading halts do little to serve investors" published in straits times on 2 march . "Reiterates that Bibby Offshore's claims are against ECS, which company does not control" . "Company has no dispute with Bibby Offshore" . In event claims are made against company in relation to any guarantees company will face an immediate going concern issue .Group will continue its on-going initiatives to review all options to restructure its businesses.  Full Article

Ezra updates on statutory demand by Forland Subsea
Monday, 6 Feb 2017 11:16am EST 

Ezra Holdings Ltd :Received statutory demand from solicitors of Forland Subsea in relation to a claim for payment of S$4.4 million due and owing by co.  Full Article

Ezra Holdings responds to article "Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea"
Thursday, 2 Feb 2017 10:17pm EST 

Ezra Holdings Ltd : Refers to article titled "Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea" published in Business Times . Co's investment in, shareholders loan to and inter-company balances owed by ECS Group amounts to US$170 million . Clarifies that co is assessing impact of writedown and anticipated downgrade of investments in ECS and subsidiaries . "Board wishes to clarify that company has no dispute with Bibby Offshore" . "Bibby Offshore's claims are against ECS, which company does not control" . Refers to article "Ezra in choppy waters as trade claims pile up" published in Straits Time on 2 February . Will continue to work with advisors to review all options to restructure businesses, operations and balance sheet . Article in Straits Times states subsea services provider Bibby Offshore had filed for arbitration against Emas Chiyoda Subsea, claiming it is owed a US$14.7 million . Also assessing impact of loans extended to ECS Group by its joint venture partners, Chiyoda Corp and Nippon Yusen Kabushiki Kaisha . Had recorded a net current liability position of US$887.2 million for financial year ended 31 August 2016 . Emas-Amc had defaulted on payment of charter hire for october 2016, due for payment on 30 November 2016.  Full Article

Ezra Holdings expects next 12 months to remain challenging
Thursday, 14 Jul 2016 11:01am EDT 

Ezra Holdings Ltd : Financial performance over next 12 months is expected to remain "challenging" .  Full Article

More From Around the Web

BRIEF-Ezra updates on restructuring & Chapter 11 Filing

* "outcome of restructuring & ezra chapter 11 filing may material impact co's audited financial statements for year ended 31 august 2016" Source text for Eikon: Further company coverage: