Triyards said in an SGX on April 7 that “these arise from related entities of parent company Ezra Holdings which are either facing a potential going concern issue or have filed for Chapter 11 of the United States Bankruptcy Code.”
SINGAPORE (April 10): OCBC Investment Research on Monday says it is keeping its “hold” call on Triyards Holdings pending more clarity on the impact from Ezra Holdings.
Triyards sank into losses of US$4.2 million ($5.9 million) and US$6.3 million in 1H17 and 2Q17 ended February, respectively, after making a total allowance of US$8.4 million in doubtful receivables.
