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Ezra shares dive on news of US$170m subsea JV impairment

Group most active counter on SGX, with over 267.6m shares traded

Published Mon, Feb 6, 2017 · 09:50 PM

Singapore

SHARES in Ezra Holdings closed 37.5 per cent lower on Monday in heavy trading as investors scrambled to digest news of a US$170 million writedown tied to the group's subsea joint venture (JV).

Ezra's share price opened at S$0.029. The stock traded at a low of S$0.028 but mostly hovered between S$0.03 and S$0.033 throughout Monday. It closed at S$0.03, down 1.8 cent or 37.5 per cent from its previous close.

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