Ezion seen restructuring over US$1b in debts
Aim is to protect fresh equity financing needed to ride out the O&M downturn
Singapore'
MAINBOARD-LISTED Ezion Holdings is expected to table a restructuring plan soon for over US$1 billion in debts so as to ring-fence any new equity as the group ride out what may be the tail-end of a protracted offshore and marine (O&M) downturn.
Observers also pointed to fresh equity being needed to revamp Ezion's erstwhile profitable liftboat-focused business, now facing heat under excess capacity conditions.
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