By Mak Yuen Teen This is the fifth, and concluding, part of the series on the Ezra group. If the collapse of the Ezra group was purely about the drop in demand caused by a fall in oil prices and miscalculations by the board and...
Read MoreBy Mak Yuen Teen Within the Ezra group, there were a number of puzzling investments and transactions. One was the JV between Ezra and the Chiyoda Corporation of Japan (with NYK joining later). Another was Ezra’s and EMAS...
Read MoreBy Mak Yuen Teen EMAS Offshore (EOL) started reporting quarterly losses in January 2016 – just 15 months after its secondary listing on SGX. By October 2016, there were more signs that Ezra was in serious trouble. On 30...
Read MoreBy Mak Yuen Teen In January 2014, Ezra announced that it had appointed J.P. Morgan (SEA) to advise the company on strategic options with the aim of optimising its international profile and the competitive position of its Subsea...
Read MoreBy Mak Yuen Teen This is not the story about a 60s rock and roll band called “Ezra and the Tri-tanic” but it is my interpretation of the rise and fall of the Ezra group of companies – Ezra Holdings, Triyards Holdings and EMAS...
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