Ezra seeks more time to announce full-year results

Singapore

AS Ezra Holdings' associate company in Malaysia, Perisai Petroleum Teknologi Bhd, lands in further trouble, the debt-laden company is asking for more time to announce its unaudited full-year results.

Explaining the reason in a Singapore Exchange (SGX) filing on Sunday, Ezra cited "a lot of uncertainties" as to whether the group will need to take additional impairment in its investment in Perisai, as well as the vessels jointly owned by the group and Perisai, and also the existing contracts performed by these vessels.