Ezra revamp has no bearing on US$22.6m loan: Loyz
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
LOYZ Energy, which has a US$22.6 million loan backed by a firm belonging to Ezra Holdings' chief executive Lionel Lee, does not expect Ezra's financial structuring proceedings in the US to have any material adverse impact on the energy group in respect of the loan.
Mr Lee is a common substantial shareholder of both the companies, Loyz said in an announcement on Wednesday after the stock market's trading hours. He is the sole owner of Jit Sun Investments, which has a direct stake of 9.9 per cent in Loyz.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
