FINANCIALLY distressed yard operator Triyards has received fresh cash injections in excess of US$4 million as it faced new claims from DBS Bank and other lenders.

HOCK LOCK SIEW

EMAS Offshore (EOL) and Triyards are both subsidiaries of erstwhile stock market darling Ezra Holdings. Although of the same pedigree, one will be hoping not to share the same fate as the other.

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...

EMBATTLED Triyards acknowledged on Monday it had to delay salary payments in Vietnam after facing difficulty drawing on project financing lines.

HYFLUX CRISIS

INVESTORS who bought Hyflux's perpetual securities are reeling from the company's suspension of trading in the securities, as the firm said it will not pay the coupon interest on the notes...

EZRA Holdings' debt restructuring plan projects that unsecured creditors can recover only up to 2 per cent of claims ranging from US$1.67 billion to US$2.32 billion from divestment of assets...

THE High Court on Tuesday approved an application by Ezra Holdings for a cross-border protocol between the Singapore court and the US Bankruptcy Court in relation to the firm's bankruptcy...

DISTRESSED offshore and marine (O&M) group Ezra Holdings has entered into a binding proposal with Asia Fund Space (HK) Ltd (AFS) that will see existing assets spun off under a separate trust and...

TRIYARDS Holdings, the yard-operating unit of offshore marine firm Ezra Holdings, has swung deep into the red - a plunge worsened by the termination of two shipbuilding contracts worth some US$51...

EMAS Offshore (EOL) saw its second-quarter loss after tax narrow by 89 per cent to US$15.98 million on a 24 per cent increase in revenue for the same period.