Ezion Holdings

SINGAPORE (Aug 14): Singapore-based oil services company Ezion Holdings said trading in its shares would be suspended temporarily as it is in talks with stakeholders such as bank lenders and creditors about its financing and capitalisation structure.

SINGAPORE (June 12): Ezion Holdings has entered into a share subscription agreement with subsidiary AusGroup as part of its plan to capitalise loans of up to A$39.3 million ($40.6 million) for the latter.

SINGAPORE (June 1): AusGroup’s major shareholder Ezion Holdings has agreed to forgive its debts, which will enable it to focus on capturing returning demand for maintenance and support services from the mining and energy sectors, if approved.

SINGAPORE (June 1): Offshore vessel operator Ezion Holdings has agreed to capitalise a A$39.3 million ($40.6 million) loan to its 17.8% subsidiary AusGroup Holdings in exchange for new shares in the company.

SINGAPORE (March 28): In a bid to improve its long-term earnings and reduce costs, Ezion Holdings has acquired its remaining 50% equity stakes in existing joint venture (JV) companies Strategic Offshore (SOL) and Strategic Excellence (SEL) for $3.5 millio

SINGAPORE (March 7): Read the shipping and offshore oil industry news in Singapore and you'd be forgiven for imagining the country's stock market must also be in the doldrums.

SINGAPORE (Feb 24): CIMB Research is maintaining its “add” rating on Ezion Holdings with a raised target price of 45 cents from 44 cents previously, even as offshore service provider on Thursday reported a widening of new 4Q losses to US$66.6 million

SINGAPORE (Feb 20): Ezion Holdings announced last Friday evening that it expects to record a net loss for 4Q16 and FY16, as there will be impairments on its assets.

SINGAPORE (Dec 23): An oil price rebound and the resumption of service rigs that are currently under repair or upgrade are expected to lead the way for an earnings recovery for Ezion Holdings in 2017.

SINGAPORE (Dec 22): Maybank Kim Eng has maintained its “negative” rating on the Singapore offshore and marine sector, even as the Organization of the Petroleum Exporting Countries announced a production cut to stem falling oil prices.