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Creditor may drop winding-up action against Emas AMC

Claims said to have been settled but other liquidators may step in as substitute plaintiff

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EMAS Chiyoda Subsea (ECS) - a joint venture in which Singapore-listed Ezra Holdings has a 40 per cent stake - stands to stave off a winding-up petition by a trade creditor against wholly owned Emas AMC Pte Ltd.

Singapore

EMAS Chiyoda Subsea (ECS) - a joint venture in which Singapore-listed Ezra Holdings has a 40 per cent stake - stands to stave off a winding-up petition by a trade creditor against wholly owned Emas AMC Pte Ltd. But the woes for ECS and the subsidiary are far from over as other

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