Ezion to dispose of stakes in Strategic Offshore and Rotating Offshore
Ezion said Friday it entered deals to dispose of its 50% interest in Strategic Offshore and its 30% stake in associate Rotating Offshore Solutions.
5ME.SG
Ezion to divest its 49 percent stake in PT Pelita Bara Samudera
Ezion said Thursday it entered a deal to divest its 49 percent stake in PT Pelita Bara Samudera to PT Karya Pilar Sukses for US$2.05 million.
UPDATE: Singapore stocks to watch Wednesday: SembMarine, BreadTalk, SATS, CityDev, Yanlord Land, Cromwell European REIT, Swiber, Koufu
These are Singapore companies which may be in focus on Wednesday, 13 Nov. 2019: SATS, CityDev, Yanlord Land, Sembcorp, Cromwell European REIT and BreadTalk.
Ezion to sell three rigs to Mexican company at a loss
Ezion said Tuesday it agreed to sell three rigs to TK and HR Services for the nominal sum of US$3.00, and the transfer of US$659,000 in liabilities.
UPDATE: POSH Terasea to be voluntarily liquidated after default
POSH said Thursday its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors after it defaulted on a loan facility.
Ezion: Proposed Yinson takeover bid lapses after conditions aren’t met
Ezion said Tuesday Yinson’s offer to subscribe to its shares and convert its debt into equity has lapsed, with conditions unmet after six months.
PACC: JV’s event of default triggers cross-default
PACC Offshore Services Holdings said Saturday that the event of default for its 50 percent-owned joint venture PTPL, had triggered a cross-default.
PACC Offshore Services: JV in default on around US$28 million loan facility
POSH, said Thursday an event of default has occurred on a loan facility to POSH Terasea (PTPL), a 50-50 joint venture with Terasea.
Ezion posts 2Q19 US$364 million loss after tax on impairments
Ezion reported Friday a 2Q19 loss after tax of US$363.91M, swinging from a profit after tax of US$96.10M in the year-ago period, after taking impairments.
Ezion warns it expects ‘significant’ net loss for 2Q19 and 1H19
Ezion Holdings warned Thursday it expected to report a “significant” net loss for the second quarter and first half due to asset impairments.
Ezion revamps senior management team
Ezion Holdings said Friday it has reorganized its senior management team, effective Monday.
Ezion reports 1Q19 loss after tax narrowed as operating expenses fell
Ezion Holdings reported Wednesday its 1Q19 loss after tax narrowed to US$12.85 million from US$40.37 million in the year-ago period, amid lower expenses.