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Ezra Last:0.011 -

EZRA HOLDINGS - RED HOT NEWS

Luckily I sold off mine @ .032 at last open from trading halt. Lost 6k heart pain but now looking at it I felt better.

Wow, luckily sell all Ezra at 0.014 and use the money buy Swee Hong......Huat ar....

More enough to bankrupt them. Know this can liao.

joebloggs ( Date: 20-Mar-2017 21:12) Posted:

Bizarre announcement, what is the total of guarantees which EZRA has given out......... need a strong coffee to stay awake and read this one!!!!!

http://ANNOUNCEMENTS IN RELATION TO RESTRUCTURING PROCEEDINGS COMMENCED BY EZRA HOLDINGS LIMITED IN THE UNITED STATES

The Board of Directors (the &ldquo Board&rdquo ) of EMAS Offshore Limited (&ldquo EOL&rdquo or the &ldquo Company&rdquo , together with its subsidiaries and associated companies, the &ldquo Group&rdquo ) refers to the announcement (&ldquo Ezra Chapter 11 Announcement&rdquo ) released by the Company&rsquo s ultimate holding company, Ezra Holdings Limited (&ldquo Ezra&rdquo , together with its subsidiaries and associated companies, the &ldquo Ezra Group&rdquo ) on 19 March 2017, where Ezra announced that it, together with certain subsidiaries of Ezra, voluntarily filed a petition for reorganisation under Chapter 11 of the United States Bankruptcy Code (&ldquo Ezra Chapter 11 Filing&rdquo ) in order to obtain the protection of the United States Bankruptcy Court to facilitate the financial restructuring of the Ezra Group.

As at 30 November 2016, the Group had an aggregate amount of approximately US$170 million owing to Ezra, of which US$125 million was subject to a deferred payment over a period of three years. In addition, the Group has an aggregate of approximately US$566 million of loans owing to financial institutions (&ldquo Bank Facilities&rdquo ) of which (i) an aggregate of approximately US$242 million of loans are guaranteed or secured by securities provided by Ezra and (ii) an aggregate of approximately US$193 million of loans are jointly guaranteed or secured by securities provided by Ezra and the Group (&ldquo Relevant Facilities&rdquo ). The Group also has substantial charter hire liabilities valued at approximately US$231 million as at 30 November 2016, relating to charterparty agreements entered into by the Group (&ldquo Charterparty Agreements&rdquo ) of which (i) an aggregate of approximately US$119 million are guaranteed solely by Ezra and (ii) an aggregate of approximately US$58 million are jointly guaranteed by Ezra and the Group. The Ezra Chapter 11 Filing may constitute events of default under the Relevant Facilities and/or the Bank Facilities and the Charterparty Agreements and the moratorium afforded under the Ezra Chapter 11 Filing does not stay claims against the Group in relation to these Relevant Facilities and/or Bank Facilities and Charterparty Agreements guaranteed or secured by Ezra. However, the Group is not aware of any demand made by financial institutions in relation to any of the Bank Facilities as a result of the Ezra Chapter 11 Filing.

Arising from the above, the Ezra Chapter 11 Filing may have a negative impact on the Group. The Company is therefore currently seeking advice on the Ezra Chapter 11 Filing, as well as assessing the impact of such filing on the Group and on the Group&rsquo s ongoing initiatives to refinance its financial obligations and liabilities and the procurement of additional working capital facilities (&ldquo Ongoing Initiatives&rdquo ). The Group will work closely with its principal bankers to review all options to continue its Ongoing Initiatives. As previously disclosed by EOL in its unaudited financial information for the first quarter of financial year ended 30 November 2016 and the announcement made on 2 March 2017, in the event that these efforts do not achieve a favourable and timely outcome, the Group will be faced with a going concern issue.

Further announcements will be made by the Company and the Board via SGXNET and Newsweb as and when there are any material developments in compliance with the listing rules of the Singapore Exchange Securities Trading Limited and the Norwegian Securities Trading Act.

Bizarre announcement, what is the total of guarantees which EZRA has given out......... need a strong coffee to stay awake and read this one!!!!!

http://ANNOUNCEMENTS IN RELATION TO RESTRUCTURING PROCEEDINGS COMMENCED BY EZRA HOLDINGS LIMITED IN THE UNITED STATES

The Board of Directors (the &ldquo Board&rdquo ) of EMAS Offshore Limited (&ldquo EOL&rdquo or the &ldquo Company&rdquo , together with its subsidiaries and associated companies, the &ldquo Group&rdquo ) refers to the announcement (&ldquo Ezra Chapter 11 Announcement&rdquo ) released by the Company&rsquo s ultimate holding company, Ezra Holdings Limited (&ldquo Ezra&rdquo , together with its subsidiaries and associated companies, the &ldquo Ezra Group&rdquo ) on 19 March 2017, where Ezra announced that it, together with certain subsidiaries of Ezra, voluntarily filed a petition for reorganisation under Chapter 11 of the United States Bankruptcy Code (&ldquo Ezra Chapter 11 Filing&rdquo ) in order to obtain the protection of the United States Bankruptcy Court to facilitate the financial restructuring of the Ezra Group.

As at 30 November 2016, the Group had an aggregate amount of approximately US$170 million owing to Ezra, of which US$125 million was subject to a deferred payment over a period of three years. In addition, the Group has an aggregate of approximately US$566 million of loans owing to financial institutions (&ldquo Bank Facilities&rdquo ) of which (i) an aggregate of approximately US$242 million of loans are guaranteed or secured by securities provided by Ezra and (ii) an aggregate of approximately US$193 million of loans are jointly guaranteed or secured by securities provided by Ezra and the Group (&ldquo Relevant Facilities&rdquo ). The Group also has substantial charter hire liabilities valued at approximately US$231 million as at 30 November 2016, relating to charterparty agreements entered into by the Group (&ldquo Charterparty Agreements&rdquo ) of which (i) an aggregate of approximately US$119 million are guaranteed solely by Ezra and (ii) an aggregate of approximately US$58 million are jointly guaranteed by Ezra and the Group. The Ezra Chapter 11 Filing may constitute events of default under the Relevant Facilities and/or the Bank Facilities and the Charterparty Agreements and the moratorium afforded under the Ezra Chapter 11 Filing does not stay claims against the Group in relation to these Relevant Facilities and/or Bank Facilities and Charterparty Agreements guaranteed or secured by Ezra. However, the Group is not aware of any demand made by financial institutions in relation to any of the Bank Facilities as a result of the Ezra Chapter 11 Filing.

Arising from the above, the Ezra Chapter 11 Filing may have a negative impact on the Group. The Company is therefore currently seeking advice on the Ezra Chapter 11 Filing, as well as assessing the impact of such filing on the Group and on the Group&rsquo s ongoing initiatives to refinance its financial obligations and liabilities and the procurement of additional working capital facilities (&ldquo Ongoing Initiatives&rdquo ). The Group will work closely with its principal bankers to review all options to continue its Ongoing Initiatives. As previously disclosed by EOL in its unaudited financial information for the first quarter of financial year ended 30 November 2016 and the announcement made on 2 March 2017, in the event that these efforts do not achieve a favourable and timely outcome, the Group will be faced with a going concern issue.

Further announcements will be made by the Company and the Board via SGXNET and Newsweb as and when there are any material developments in compliance with the listing rules of the Singapore Exchange Securities Trading Limited and the Norwegian Securities Trading Act.

Walau...really no one wanna take over meh? Why apply bankrupt in US instead of Singapore neh? Got engage Buffett or not? He also not interested to take over meh?

This article said DBS already moved EZRA debt to non-performing loan in their three quarter but their analysts call for a buy on 30 Nov 2016.

http://splash247.com/ezra-holdings-files-us-bankruptcy-protection/

Cannot believe that DBS also behave like that leh???!!?!?!!? So how arh?

DBS also sell alot O& G bonds to poor soul leh. Like that how arh? Is this DBS our DBS or another DBS that we are talking about??!!!?!

I bet there are small investors buying Ezion now :)

i mean for the past few weeks.. there are buyers ... who are the buyers? dun be surprised are small investors who

after reading the analyst reports think 2 cents is a steal ..

Alvin2042 ( Date: 20-Mar-2017 19:40) Posted:

How to buy? Counter suspended

HazardKoh ( Date: 20-Mar-2017 19:39) Posted:

dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain

and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..

How to buy? Counter suspended

HazardKoh ( Date: 20-Mar-2017 19:39) Posted:

dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain

and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..

happyharvest ( Date: 20-Mar-2017 19:35) Posted:

there is a reason why anal is at the beginning of the word analyst.

dun be surprised that these few weeks there are buyers for Ezra and most of these buyers maybe small investors who think 2 cents is a bargain

and most of them buy up anywhere from 3 to 1.5 cents..after reading all the analyst reports out there..

happyharvest ( Date: 20-Mar-2017 19:35) Posted:

there is a reason why anal is at the beginning of the word analyst.

sh0rthere ( Date: 20-Mar-2017 19:32) Posted:

They need to "lure" more gong kias for to prevent them from writing off their bad debts for ezra. Lol. Only fools will trust those analysts words

Banks always will say this one high, that one going up.... then all the people newbie or trusting people who will gong gong up lorry.

Then when banks say this and that. People will buy when the banks offload to you lo.....

Same with kepcorp, capitaland, noble, semb marine, cosco same same pattern like ezra lo....

😁 😁 😁 😁 😁 😁 😁 😁 😁 😁

HazardKoh ( Date: 20-Mar-2017 19:27) Posted: