EMAS Offshore

SINGAPORE (Oct 26): A potential white knight might be coming to the rescue of EMAS Offshore which is undergoing financial restructuring with an investment of US$73.3 million ($101.4 million).

SINGAPORE (Feb 20): The Oslo Stock Exchange has ordered the delisting of EMAS Offshore from the bourse from April 27, citing the company’s inability to disclose financial information within deadlines as the reason.

SINGAPORE (Dec 14): EMAS Offshore belatedly reported losses in 2Q18 ended Feb narrowed to US$15.98 million ($21.6 million) from US$140.5 million in 2Q17.

SINGAPORE (Dec 6): EMAS Offshore, which has filed for bankruptcy in the US and started restructuring proceedings, has announced the termination of three bareboat charter agreements by the owners of three vessels.

SINGAPORE (Sept 5): Shares in Baker Technology are trading 1 cent higher at 58 cents after last night’s announcement it is one of two White Knights coming to the rescue of the offshore support services company.

SINGAPORE (Sept 4): EMAS Offshore says it has entered into a binding term sheet with potential investors BT Investment, a subsidiary of Baker Technology, and Point Hope who will each invest US$25 million ($33.9 million) in the group as part of its financi

SINGAPORE (Sept 1): EMAS Offshore said it has received various proposals from potential investors after initiating restructuring proceedings this week.

SINGAPORE (April 18): EMAS Offshore, the 75.25%-owned subsidiary of Ezra Holdings, has released an updated announcement upon receiving a statutory demand dated April 12 from Hai Jiang 1401, which is now claiming a total of US$195 million ($273 million) fo

SINGAPORE (March 21): EMAS Offshore says it will be negatively impacted by the United States’ Chapter 11 filing by the company’s ultimate holding company Ezra Holdings to facilitate the restructuring of the group.

SINGAPORE (March 6): EMAS Offshore, the subsidiary embattled offshore and marine group Ezra Holdings which is also listed in Norway, announced on Saturday it will be requesting for a voluntary suspension of its shares on the Singapore Exchange.