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Will Ezra go the way of Swiber?

In print this week

Will Ezra go the way of Swiber?

Kang Wan Chern Published on Fri, Feb 17, 2017 / 4:40 PM GMT+8

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SINGAPORE (Feb 17): Local offshore services provider Ezra Holdings is struggling to stay afloat as it faces mounting debt, defaults and a winding-up petition.

If it folds, Ezra will be the third Singapore offshore company to succumb to the collapse in oil prices.

Last year, Swiber Holdings and Swissco Holdings were put under judicial management after running out of cash to repay its bond holders and debtors.

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