Loyz Energy not expecting impact from Ezra restructuring

SINGAPORE (March 22): Loyz Energy does not expect the restructuring proceedings of Ezra Holdings to have any material adverse impact on the group in respect to the bank loans and the group’s financial results for the FY ending June 30 2017.

(See also: Ezra Holdings files for US bankruptcy)

At the time of announcement, Ezra's founder and chairman Lionel Lee Chye Tek holds a 9.9% stake in Loyz through Jit Sun Investments. Lionel is also the brother of Adrian Lee, the non-executive director of Loyz and its former managing director.

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