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(5DN.SI)

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  • Default Fears Resurface Over Singapore's Looming Debt Wall
    Bloomberg4 months ago

    Default Fears Resurface Over Singapore's Looming Debt Wall

    Default fears are resurfacing in Singapore ahead of a wall of maturing corporate debt, as a U.S. bankruptcy filing by a firm from the city flags lingering pain despite economic recovery.

  • Ezra Files U.S. Bankruptcy as Offshore Services Woes Spread
    Bloomberg4 months ago

    Ezra Files U.S. Bankruptcy as Offshore Services Woes Spread

    Ezra Holdings Ltd., a Singapore-listed offshore services group, filed for bankruptcy protection in the U.S. from hostile creditors as the energy support sector struggles from three years of weak oil prices....

  • Reuters4 months ago

    Singapore's Ezra Holdings files for U.S. bankruptcy

    Oilfield services firm Ezra Holdings Ltd of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry. Ezra is one of several Singapore offshore and marine services firms that have been hit by a downturn in oil prices since in 2014. The company's stock lost a fifth of its value in early March after it disclosed it had provided guarantees on nearly $900 million in liabilities and loans of Emas Chiyoda Subsea Ltd, an affiliate the also filed for U.S. bankruptcy.