SINGAPORE (March 19): Oilfield services firm Ezra Holdings has filed for US Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry.

The company had been trying to restructure and said in February it faced a "going concern issue" if it did achieve a favourable outcome.

Ezra is one of several Singapore offshore and marine services firms that have been hit by a downturn in oil prices since in 2014.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook