Swissco Holdings

The new proposed transaction, if effected, will result in the delisting of Swissco and the listing of INITIA Group.

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.

This article appears in Issue 783 (June 12) of The Edge Singapore which is on sale now

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 (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 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.

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.

(Dec 28): Singapore’s commodities-related defaults could turn out to be the canary in the mine.

SINGAPORE (Nov 17): Ezion Holdings is said to be negotiating with Swissco Holdings to acquire the latter’s share in the three drilling rigs that are owned under 50-50 joint ventures between the two companies.

SINGAPORE (Nov 15): A Singapore-listed rig and vessel supplier is seeking court-supervised management to fend off creditors, saying it’s at an impasse with major lenders on a proposed debt restructuring following a bond default last month.