Triyards Marine Services wound up by Tractors Singapore
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Tay Peck Gek
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TRIYARDS Marine Services has been ordered to wind up, upon the application by its creditor Tractors Singapore.
The court order was issued on July 5 and a notice of the winding-up order was published in the newspapers on Thursday. The liquidators for the winding-up are Joshua James Taylor and Yit Chee Wah of FTI Consulting (Singapore).
Regional Caterpillar dealer Tractors Singapore filed the application against Triyards Marine Services on Oct 3 last year.
It was reported last year that Triyards Marine Services had also received statutory demands for US$14.6 million from Taiwanese lender CTBC Bank and for around US$800,000 from a supplier.
Triyards Marine Services is a subsidiary of Triyards, the shipyard arm of Ezra Holdings. Ezra has been hit by the oil-and-gas slump.
Trading of Triyards shares has been suspended since September 2017 about six months after Ezra, a former stock market darling, filed for US Chapter 11 bankruptcy.
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