Ezra's share price hits new record low on US$194.5m claim

Singapore

EZRA Holdings' share price hit another record low on Monday following its disclosure of a new claim of about US$194.5 million tied to its corporate guarantee extended to a bareboat charter on pipelay vessel Lewek Champion.

Ezra's shares opened trading at S$0.013 but fell to a record low of S$0.011, down 0.2 Singapore cent or 15.4 per cent, before closing 7.7 per cent lower at S$0.012.