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03-02-2017, 10:56 AM
(Bloomberg) -- The Group will continue to work with its advisors to review all options to restructure its businesses, operations and balance sheet, in light of the severe and protracted downturn in the global oil and gas industry, Ezra says in a statement to the Singapore stock exchange.
Ezra reiterates that in the event restructuring is not favourably completed in a timely manner, the company and group “will be faced with a going concern issue”
The group is in regular discussions with a number of substantial creditors and has had dialogues with its key stakeholders, including its financial lenders and trade creditors: Ezra
Ezra may have to write down $170m in relation to Emas Chiyoda Subsea
http://infopub.sgx.com/FileOpen/Ezra%20A...eID=437879
Ezra reiterates that in the event restructuring is not favourably completed in a timely manner, the company and group “will be faced with a going concern issue”
The group is in regular discussions with a number of substantial creditors and has had dialogues with its key stakeholders, including its financial lenders and trade creditors: Ezra
Ezra may have to write down $170m in relation to Emas Chiyoda Subsea
http://infopub.sgx.com/FileOpen/Ezra%20A...eID=437879
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Think Asset-Business-Structure (ABS)
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