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Ezra shares hit another bad patch

Stock sinks to record low after group announced winding-up petition against unit of subsea JV

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...

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