Ezra proposes 8-to-1 share consolidation
Published Tue, Jan 19, 2016 · 12:15 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Netflix handily beats subscriber targets, misses on revenue forecast
Meta releases early versions of its Llama 3 AI model
Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom
US: Wall St opens higher as some chip stocks bounce back after selloff