Ezion cautiously optimistic about debt refinancing plan
Firm's adviser says group is viable and enjoys positive cash flow from operations
Singapore
EZION Holdings is cautiously optimistic about getting noteholders' approval for its refinancing plans as it points to recovery in its core liftboat business, said its financial adviser.
Having held some initial meetings with different groups of noteholders which resulted in a revised version of the proposed refinancing, the company is "cautiously optimistic," said Chio Kian Huat, RSM Corporate Advisory senior partner. RSM is advising on the proposal.
The group is viable, said M…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try