By 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...
Read MorePrivate companies operate almost in a parallel universe when it comes to rules and regulations, even though as we have increasingly seen, the effects of their collapse on stakeholders can be more devastating than for listed companies.
Read MoreAs the company’s financial year end is May 31, SGX could ask the statutory auditors for assistance to confirm these matters as part of the year-end statutory audit.
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