Singapore

Shares of offshore marine company Ezra Holdings took a beating on Wednesday, hit by an avalanche of bad news from a proposed share consolidation, its first-ever quarterly loss since listing, to forced-selling of shares pledged by its group CEO and managing director.

Ezra's share price dived 17 per cent to 5.8 Singapore cents by market close, after a hefty 98.75 million shares were traded. Related companies also took a hit - Ezra's subsea services division EMAS Offshore plunged 16.3 per cent to 10.3 cents while its yard operating subsidiary Triyards fell 6.9 per cent to 40.5 cents.