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Trade claims pile up on Ezra's subsea joint venture

Emas Chiyoda Subsea unit understood to be facing winding-up petition; market not ruling out white knight possibility

Published Tue, Feb 14, 2017 · 09:50 PM

Singapore

EZRA Holdings has entered into another trading halt as trade claims pile up against its subsea joint venture.

For the second time within a fortnight, the mainboard-listed offshore and marine group on Tuesday requested a trading halt before the market opened after Norway-based Ocean Yield ASA announced overnight the termination of a bareboat charter with Emas Chiyoda Subsea (ECS).

The Business Times understands that a second trade creditor, Necotrans Singa…

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