The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Trade payables pile up at Triyards' Vietnam unit

Observers say company and its units have "under-priced" bids to win shipbuilding projects, leading to financial woes

Published Sun, Jul 29, 2018 · 09:50 PM
Share this article.

Singapore

TROUBLED Triyards Holdings' subsidiary in Vietnam is facing difficulty paying its suppliers even after delivering its shipbuilding projects - a signal of the mounting liquidity crunch that has beset the yard-operating arm of financially distressed Ezra Holdings.

The Business Times understands that Triyards' subsidiary Strategic (V) Marine Co has in fact run up trade payables that are over a year old.

KEYWORDS IN THIS ARTICLE

Ezra

BT is now on Telegram!

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

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

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