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Why don't Ezion lift the suspension for shareholders to take back some money before they close shop?
Trade with awareness and DYODD
yeah, anything when not used and maintainted regularly will rot and rust to death. still got to salvage whatever is left before it is totally zero.
SAVIORFOREVER ( Date: 20-Oct-2020 12:02) Posted:
Some assets may be worthless already.
Trade with scrap metal and DYODD
kerier ( Date: 20-Oct-2020 10:10) Posted:
| its just a slow death to sell assets, repay the banks, pay the salary... the amount of debt left unpaid will crush it in the end. |
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Some assets may be worthless already.
Trade with scrap metal and DYODD
kerier ( Date: 20-Oct-2020 10:10) Posted:
| its just a slow death to sell assets, repay the banks, pay the salary... the amount of debt left unpaid will crush it in the end. |
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its just a slow death to sell assets, repay the banks, pay the salary... the amount of debt left unpaid will crush it in the end.
Get ready to receive certificate of participation.
Trade with zero and DYODD
westpoison ( Date: 20-Oct-2020 09:31) Posted:
That' s why they suspended ma. But i really hope their plan can work and turn around eventually.
SAVIORFOREVER ( Date: 20-Oct-2020 09:25) Posted:
Servicing only? How to survive? Why don't they lift up the suspension for ppl to sell their shares before they close shop?
Trade with awareness and DYODD |
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That' s why they suspended ma. But i really hope their plan can work and turn around eventually.
SAVIORFOREVER ( Date: 20-Oct-2020 09:25) Posted:
Servicing only? How to survive? Why don't they lift up the suspension for ppl to sell their shares before they close shop?
Trade with awareness and DYODD
Joelton ( Date: 20-Oct-2020 09:20) Posted:
Ezion Holdings to refocus business on vessel management services in restructuring plan
STRUGGLING offshore and marine player Ezion Holdings on Monday announced its restructuring plan to refocus its business on the provision of vessel-management services, following a strategic review of its options in consultation with major lenders.
The company said that it will take steps to realise value by disposing of its vessels in an orderly manner over a period of time this will enable it to better manage its cashflow constraints by reducing the holding costs of the vessels as well as the amount of liabilities.
It will also implement further cost-cutting measures in line with business requirements and continue the search for potential investors to recapitalise the group and realise the value of the listed status of the company, on the basis of a vessel-management company.
The company has appointed RSM Corporate Advisory as corporate restructuring advisor to oversee the implementation of the restructuring plan over the course of the next year and will in due course hold an informal meeting for securities holders.
Ezion said that it will continue to use its best efforts to preserve the value of the company.
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Servicing only? How to survive? Why don't they lift up the suspension for ppl to sell their shares before they close shop?
Trade with awareness and DYODD
Joelton ( Date: 20-Oct-2020 09:20) Posted:
Ezion Holdings to refocus business on vessel management services in restructuring plan
STRUGGLING offshore and marine player Ezion Holdings on Monday announced its restructuring plan to refocus its business on the provision of vessel-management services, following a strategic review of its options in consultation with major lenders.
The company said that it will take steps to realise value by disposing of its vessels in an orderly manner over a period of time this will enable it to better manage its cashflow constraints by reducing the holding costs of the vessels as well as the amount of liabilities.
It will also implement further cost-cutting measures in line with business requirements and continue the search for potential investors to recapitalise the group and realise the value of the listed status of the company, on the basis of a vessel-management company.
The company has appointed RSM Corporate Advisory as corporate restructuring advisor to oversee the implementation of the restructuring plan over the course of the next year and will in due course hold an informal meeting for securities holders.
Ezion said that it will continue to use its best efforts to preserve the value of the company.
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Ezion Holdings to refocus business on vessel management services in restructuring plan
STRUGGLING offshore and marine player Ezion Holdings on Monday announced its restructuring plan to refocus its business on the provision of vessel-management services, following a strategic review of its options in consultation with major lenders.
The company said that it will take steps to realise value by disposing of its vessels in an orderly manner over a period of time this will enable it to better manage its cashflow constraints by reducing the holding costs of the vessels as well as the amount of liabilities.
It will also implement further cost-cutting measures in line with business requirements and continue the search for potential investors to recapitalise the group and realise the value of the listed status of the company, on the basis of a vessel-management company.
The company has appointed RSM Corporate Advisory as corporate restructuring advisor to oversee the implementation of the restructuring plan over the course of the next year and will in due course hold an informal meeting for securities holders.
Ezion said that it will continue to use its best efforts to preserve the value of the company.
Yup the announces lenders didn?t agree to the terms . But talks still going on. Not much hope left
Sweementian ( Date: 01-Oct-2020 21:55) Posted:
You got any news on the deal?
TraderBen ( Date: 01-Oct-2020 09:10) Posted:
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You got any news on the deal?
TraderBen ( Date: 01-Oct-2020 09:10) Posted:
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Deal off. No hope alrdy?
Accumulating more debts by the day. I still remember this trading at $0.70 back in the days....
Left bones still got hope ... ?? I already put this as bad debts. Haizzz ....
dmass7373 ( Date: 18-Aug-2020 13:55) Posted:
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There' s still hope .... I believe.
https://www.businesstimes.com.sg/companies-markets/ezion-posts-us364m-loss-yinson-still-in-talks-with-lendersShifu8888 ( Date: 18-Aug-2020:08) Posted:
| Ezion was already in ICU before covid. Covid is the final nail that sends it to grave. RIP. Adios.... |
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Ezion was already in ICU before covid. Covid is the final nail that sends it to grave. RIP. Adios....
This sound to me winding up of Ezion' s
wholly-owned subsidiaries Teras Conquest 3 Pte Ltd and Teras Conquest 5 Pte Ltd and not Ezion company itself. I may be wrong. Can someone here help to clarify that too? I will try to ask my remisier on this as well next week.Sweementian ( Date: 14-Aug-2020 16:54) Posted:
| https://ezion.listedcompany.com/news.html/id/791208 |
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Shareholder got nothing if winding up? so sad vested over 30K since 2018
whereru ( Date: 12-Aug-2020 19:45) Posted:
| Finished liao! Nothing left |
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https://ezion.listedcompany.com/news.html/id/791208
Is on Ezion website announcement.
dmass7373 ( Date: 13-Aug-2020 00:38) Posted:
Where is your souce of news on Ezion apply for winding-up application?
The last i saw was news on Ezion back in July 2020 that Yison is tabling a new structure for Ezion deal.
https//www.thestar.com.my/business/business-news/2020/07/14/yinson-set-to-table-new-structure-for-ezion-deal
Sweementian ( Date: 11-Aug-2020 20:15) Posted:
| Ezion apply to winding-up application. So what is next? |
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Where is your souce of news on Ezion apply for winding-up application?
The last i saw was news on Ezion back in July 2020 that Yison is tabling a new structure for Ezion deal.
https//www.thestar.com.my/business/business-news/2020/07/14/yinson-set-to-table-new-structure-for-ezion-deal
Sweementian ( Date: 11-Aug-2020 20:15) Posted:
| Ezion apply to winding-up application. So what is next? |
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