Ezra shares hit another bad patch

Singapore

SHARES in Ezra Holdings were in rough seas once again on Wednesday as it sank as much as 12.5 per cent to a record low of S$0.021 following an overnight announcement from the offshore and marine (O&M) group over a winding-up petition filed against a subsidiary of its subsea joint venture.

The stock opened trading at S$0.021, down 0.3 cent or 12.5 per cent from the previous close of S$0.024. After an intra-high of S$0.026, it hovered between S$0.022 and S$0.023 before ending at S$0.022, down 8.3 per cent. Its 52-week high was S$0.12