Swissco

SINGAPORE (March 28): Ezion this morning announced that it had acquired the remaining 50% interest in its existing joint venture with Swissco for a total cash consideration of $5 million.

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 (Dec 12): Yahoo has revealed the top search trends, happenings and events that Singapore’s Internet users were captivated by in its 2016 Year in Review (YIR).

SINGAPORE (Nov 22): Maybank Kim Eng thinks it’s a good idea for Ezion to offer to buy its share of three drilling rigs and an accommodation rig for $4.5 million from a JV with Swissco and assume all its outstanding debts.

SINGAPORE (Oct 28): The dearth of contracts and weak cashflows has driven O&M companies to either default on their bonds, or approach their bondholders for permission to loosen their financial covenants.

SINGAPORE (Oct 25): Embattled offshore and marine service provider Swissco announced that the statutory demand by X-Drill Holdings has been withdrawn.

SINGAPORE (Oct 19): CIMB is keeping its “underweight” rating on Singapore banks amid worries over further worsening in asset quality, ahead of the local banks’ 3Q earnings announcements.

SINGAPORE (Oct 4): Singapore's junk-bond market is suffering its worst rout in at least four years as debt restructurings spread among shipping and oil-and-gas service companies.

SINGAPORE (Oct 4): The Straits Times Index ended Tuesday higher, moving in line with other Asian markets led by Tokyo, with gains felt broadly across large caps and sectors.

SINGAPORE (Oct 4): Swissco on Tuesday said it has hired Ernst & Young as independent financial adviser to assist in the refinancing and restructuring of its $100 million, 5.70% Singapore dollar-denominated bonds due 2018.