Ezion cautiously optimistic about debt refinancing plan

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.