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Ezra flags at least US$900m exposure to Emas Chiyoda Subsea (Amended)

Saturday, March 4, 2017 - 05:50

In separately released disclosure on the same day, Ezra and its majority-owned subsidiary, Emas Offshore Limited (EOL), also raised going concern issues.


OFFSHORE and marine (O&M) group Ezra Holdings has flagged in a late Thursday statement at least US$900 million in total exposure to guarantees extended to charter hire liabilities and loans on the books of the group of companies under its 40 per cent associate Emas Chiyoda

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