You are here

Ezra proposes 8-to-1 share consolidation

1811633021290.2 (36643824) - 09_11_2015 - mtezra25.jpg
Shares of offshore marine company Ezra Holdings took a beating on Wednesday following news of a proposed share consolidation.

EMBATTLED oil and gas player Ezra Holdings is proposing an eight-to-one consolidation of its shares. Shareholders will vote on the proposal at an extraordinary general meeting to be convened.

The share consolidation comes as the six-month volume-weighted average price of Ezra, at S$0.117, is below the minimum trading price requirement of S$0.20 for mainboard-listed stocks.

Ezra last traded at S$0.07, up S$0.006 or 9.4 per cent.