Ezra hits record low on writedown fears

SINGAPORE (Feb 6): Shares of Ezra Holdings dived as much as 41.7% on Monday to a record low of 2.8 cents.

This comes after the offshore contractor and provider of integrated offshore solutions warned it may have to take a US$170 million  writedown subsea services joint venture, putting further pressure on the firm as it tries to restructure and remain in business.

(See also: Ezra warns of possible US$170 mil writedown, clarifies media reports)

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