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Ezra flags at least US$900m exposure to Emas Chiyoda Subsea (Amended)

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Published Fri, Mar 3, 2017 · 09:50 PM

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    Singapore

    OFFSHORE and marine (O&M) group Ezra Holdings has flagged in a late Thursday statement at least US$900 million in total exposure to guarantees extended to charter hire liabilities and loans on the books of the group of companies under its 40 per cent associate Emas Chiyoda Subsea (ECS).

    In separately released disclosure on the same day, Ezra and its majority-owned subsidiary, Emas Offshore Limited (EOL), also raised going concern issues.

    EzraInsolvencyDebt restructuring

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