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EZRA WOES

Ezra noteholders seek rights issue, cash from escrow

Observers warn against getting hopes up on recovering most of what they are owed
Wed, Apr 19, 2017 - 5:50 AM
btnews@sph.com.sg@HweetanBT

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Mr Gerald said SIAS will take up the unsatisfactory status of the trust deed with the Monetary Authority of Singapore.
FILE PHOTO

Singapore

EZRA Holdings' noteholders want the founding Lee family behind the debt-laden listed group to consider a rights issue as a restructuring plan is being drawn up for its Chapter 11 filing under the US bankruptcy code.

Noteholders also sought clarity on whether an escrow...

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