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
UPDATE: Singapore stocks to watch Wednesday: Lendlease Global REIT, CapitaLand, Frasers Property, Ezion
These are Singapore companies which may be in focus on Wednesday, 2 October 2019: Lendlease Global Commercial REIT, CapitaLand, Ascendas India Trust and Ezion.
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.
UPDATE: Singapore stocks to watch Monday: SGX, SingPost, POSH, Keppel DC REIT, Chip Eng Seng
These are Singapore companies which may be in focus on Monday, 23 September 2019: SGX, SingPost, POSH, Keppel DC REIT and UOL.
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.
UPDATE: Singapore stocks to watch Tuesday: Yangzijiang, StarHub, Venture, SGX, Ezion, Noble, SBS Transit
These are Singapore companies which may be in focus on Tuesday, 13 August 2019: Yangzijiang, StarHub, Venture, Noble and No Signboard.
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.
UPDATE: Singapore stocks to watch Friday: UOB, OCBC, CRCT, Hi-P, Dairy Farm, Ezion, Chip Eng Seng
These are Singapore stocks which may be in focus on Friday, 2 August 2019: UOB, OCBC, CRCT, Hi-P, Dairy Farm, Ezion and Chip Eng Seng.
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.
UPDATE: Singapore stocks to watch Monday: Banks, CapitaLand, Temasek, Keppel, SIA, Suntec REIT
These are Singapore companies that may be in focus on Monday, 1 July 2019: Banks, Temasek, Singapore Airlines and Hyflux.
Ezion revamps senior management team
Ezion Holdings said Friday it has reorganized its senior management team, effective Monday.