SUBSCRIBERS

Ezra trading suspension leeway bound by MTN clause: market watchers

Published Mon, Mar 6, 2017 · 09:50 PM

Singapore

EZRA Holdings is bound by a clause tied to its outstanding medium term notes (MTN) not to enter into a trading suspension exceeding a specified period even though its offshore support vessel-focused subsidiary, Emas Offshore Limited (EOL), has taken the suspension route on both the Singapore and Oslo exchanges, say market watchers.

Both Ezra - a mainboard-listed offshore and marine group - and EOL had in two separate disclosures on Thursday, warned against going-concerns issues. The OSV-focused subsidiary r…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here