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Where all these losses come from? I don?t think any sort of restructuring will help. RIP shareholders and creditors
management should learn to throw away the ego and bow down to discuss consolidation with Pacific radiance and other energy companies including Falcon to stay relevant and financially strong. and SGX should also be proactive to get them talk about it to stay afloat and sustain shareholders' value. Retail shareholders etc been also investing hoping to see their value rises.All these oil and gas companies must come together. Creditors too can chip in to suggest the appropriate restructuring for all. May this Christmas be Blessed for these oil and gas companies including shareholders
Stocky901 ( Date: 24-Dec-2020 16:47) Posted:
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So deeply in the red until creditors don't bother to try collect the debts.
Q3 loss widens to US$224.5m. Gone case..
Close shop?
Trade with no hope and DYODD
Trade with no hope and DYODD
Sweementian ( Date: 15-Dec-2020 10:49) Posted:
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So what is next?
It is the subsidiary that win the contract. The subsidiary Itself is ring fenced from parent debt, but Will be sold if parent chap 11.
money38 ( Date: 08-Dec-2020 13:40) Posted:
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if this one is relisted, i will vouch not to touch a single penny stock again in my trading life.
wth, project only commences in 2024,
in the meantimes release from suspension la
in the meantimes release from suspension la
moron101 ( Date: 08-Dec-2020 13:38) Posted:
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Wow! Wind Farm project awarded. 😴 😴 😩 😩
Ezion unit wins US$83.4m contract to transport and install wind turbines
A WHOLLY-owned subsidiary of Ezion Holdings, Teras Offshore, has landed a contract for US$83.4 million from Foxwell Energy Corp for the transportation and installation of 31 9.5 megawatt (MW) offshore wind turbines.
In a filing to the Singapore Exchange on Monday, Ezion said that the contract is for a one-year period and is poised to commence in September 2024. The project is thus not expected to have a material impact on the group' s earnings per share or net tangible assets for the financial year ending Dec 31, 2020.
Foxwell, an affiliate company of renewable energy firm Shinfox Corp, had won the tender from Taiwan Power Co to develop Phase 2 of the Taiwanese state-run utility' s offshore wind farm for US$2.11 billion.
Trading in Ezion shares has been suspended since March 2019.
billions in debt....how to resurrect.... the banks are also holding onto a lot of O& G debt in loans
Hope Ezion can starting trading again
Have a chance to be resurrected ?? After award of US$83.4m wind turbine transportation & installation contract ??
Hopefully the answer is positive because i still have 5digits worth of shares vested :(
Hopefully the answer is positive because i still have 5digits worth of shares vested :(
Wow 84m contract.
Too much debt to restructure. And no banks are willing to throw anymore money into a sunset industry. Might as well into JM like the buddies Ezra and swiber
no one can tell yet lol.... well same fate as u . if not lifted just take it as donation no choice.
breadwinner ( Date: 19-Nov-2020 17:03) Posted:
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u think still got chance to lift suspension ? i also loss 5 digits in this counter ..
ipolaris ( Date: 19-Nov-2020 16:49) Posted:
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If lift suspension, there will be 100% sellers and 0 buyer. What' s the point?
SAVIORFOREVER ( Date: 29-Oct-2020 12:44) Posted:
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Since Ezion went into problems, its management had been raising money from shareholders, banks, white knight etc by giving a lot of false hopes. At the end, who benefited? The money raised paid their salaries and operation losses. They continued to receive salaries and we minor shareholders get nothing. We cannot even sell our shares. By the way, share price maybe zero now. I lost 5 figures in this counter because, in the past, believed in the restructuring plan and 'lies' given. For this counter, we just write off the money invested and try to recoup from other counters. No chance to get back a single cent.😃