Ezra    Last:0.011   -

EZRA HOLDINGS - RED HOT NEWS

Can tell how EZRA is treating this matter.   They didn' t even think of meeting up with noteholders in the first place.   When they want noteholders to extend the deadline, they want to meet them.   now they want to run road, they dont want to meet them.   Only SGX ask, they LL then no choice agree.   MAS and SGX needs to put a stop to EZRA evil' s way liao.

害 人 害 到 这 么 深 ！   连 畜 生 都 不 如 ！

laksaman57      ( Date: 20-Mar-2017 17:38) Posted: http://www.businesstimes.com.sg/companies-markets/ezra-bites-bullet-files-chapter-11-protection-with-us-court Guess this is the best sgx can do ' SGX has called on Ezra to convene a meeting with noteholders, to which the company said it will comply. The exchange also said it will write to holders of the notes which are custodised with the Central Depository (CDP). Investors whose notes are not held directly via their own CDP accounts but through nominee accounts are advised to contact the nominee directly. SGX has also compiled details of these noteholders and will make them available to the trustee of the note issue, HSBC Institutional Trust Services (Singapore) Ltd.'

 

http://www.businesstimes.com.sg/companies-markets/ezra-bites-bullet-files-chapter-11-protection-with-us-court

Guess this is the best sgx can do

' SGX has called on Ezra to convene a meeting with noteholders, to which the company said it will comply. The exchange also said it will write to holders of the notes which are custodised with the Central Depository (CDP). Investors whose notes are not held directly via their own CDP accounts but through nominee accounts are advised to contact the nominee directly.

SGX has also compiled details of these noteholders and will make them available to the trustee of the note issue, HSBC Institutional Trust Services (Singapore) Ltd.'

 

Hor ser liao !!   SGX is the best.   SGX is bigger than two casinos.   Money can disappear in the black hole.  

sheerluck      ( Date: 20-Mar-2017 17:10) Posted: EZRA moves is now super good news for all SGX listed O& G counter liao.   All found backdoor liao.   All can bochap shareholders, bondholders, noteholders, debt holders.   Toilet paper holders also can ignore liao. MAS wants to be " Must Act Soon" or " Michap And Siam" ? joebloggs      ( Date: 20-Mar-2017 17:06) Posted: Well now is the time for the Singapore authorities to step up, otherwise investors will lose all confidence.   Very poor.

 

EZRA moves is now super good news for all SGX listed O& G counter liao.   All found backdoor liao.   All can bochap shareholders, bondholders, noteholders, debt holders.   Toilet paper holders also can ignore liao.

MAS wants to be " Must Act Soon" or " Michap And Siam" ?

joebloggs      ( Date: 20-Mar-2017 17:06) Posted: Well now is the time for the Singapore authorities to step up, otherwise investors will lose all confidence.   Very poor. alexchew      ( Date: 20-Mar-2017 17:00) Posted: still there whatever is left, but no chance for anyone to touch. that' s the smart move. They choose who they wish to pay.

 

if they wish to step up, few years ago, the s-chips saga, they should do it already. Sadly, its been their " stance" ... They are well fed, well paid, good working hours... Why challenge the status quo?

They make money when market up and down.. doesnt matter. Not sure how their bonus is like now. I heard on a bad year, they get 4 months...

joebloggs      ( Date: 20-Mar-2017 17:06) Posted: Well now is the time for the Singapore authorities to step up, otherwise investors will lose all confidence.   Very poor. alexchew      ( Date: 20-Mar-2017 17:00) Posted: still there whatever is left, but no chance for anyone to touch. that' s the smart move. They choose who they wish to pay.

 

Well now is the time for the Singapore authorities to step up, otherwise investors will lose all confidence.   Very poor.

alexchew      ( Date: 20-Mar-2017 17:00) Posted: still there whatever is left, but no chance for anyone to touch. that' s the smart move. They choose who they wish to pay. polarinda      ( Date: 20-Mar-2017 16:58) Posted: all monies gone?!!

 

1. Debtor is Possession:    One of the most attractive features of Chapter 11 is the ability of the debtor to retain control of the company after the action is commenced. This is in contrast to most foreign insolvency proceedings, where a trustee is appointed to manage the affairs of the company until it is wound up. 
2. Avoidance of Outstanding Contracts:  Following commencement of Chapter 11 proceedings, the debtor has the option to &ldquo assume&rdquo or &ldquo reject&rdquo executory contracts. For example, if an existing contract is not favorable to the debtor, it may reject the contract. Any further obligations under the contract are accelerated and are treated as a pre-petition claim.

laksaman57      ( Date: 20-Mar-2017 16:49) Posted: Ezra indeed has good lawyers. All companies should engage them http://internationalbusinesslawadvisor.com/foreign-company-chapter-11-bankruptcy/

 

still there whatever is left, but no chance for anyone to touch. that' s the smart move. They choose who they wish to pay.

polarinda      ( Date: 20-Mar-2017 16:58) Posted: all monies gone?!!

 

Not too fa rfrom what I alluded to.   So now LL has the upper hand again.   Everyboody else LL.   MAS should step in liao.   LL destroyed so many people earnign and still want to saving their own asses first......MAS cannot let EZRA set a prcedence.   If not honggan liao.   All SGX listed O& G will chu pattern liao.   MAS?

sheerluck      ( Date: 20-Mar-2017 14:21) Posted: JM is best for local shareholders.   Chapter 11 is best for ZERO mgmt.   How to choose?   Who can choose?   Answer is obivous. If later SGX appeal to US court to reject EZRA filling C11 in US and they have to come back to SG for JM then hor chio.   But then maybe the Lee still stay in US and fly first class back as and wehn they are needed for attending proceeding.   Anyway, bondholders has fullly funded their luxurious lifestyle for the rest of their lives. 畜 生 enojy your life bah!   You played the system well. By the way, who sold all these bonds?   Nevermind,   bank sale person commission already in pocket and fees already in bank account liao.   Contract got all the disclaimers.   Sorry hor laws are on their " sai" (shit). Macqueen      ( Date: 20-Mar-2017 14:06) Posted: Anyone can advise JM, or chapter 11 better

 

all monies gone?!!

 

 

Ezra indeed has good lawyers. All companies should engage them

http://internationalbusinesslawadvisor.com/foreign-company-chapter-11-bankruptcy/

 

You will need a corporate lawyer to disect for you liao.   But I noted that the filing only protect asset of the " Ezra Chapter 11 Entities" which only has " EMAS IT Solutions Pte Ltd" and " Ezra Marine Services Pte. Ltd" .   So it seems like all other assets are still not being protected?   But why only these two?   Maybe only these two are in net assets and the rest all net liabilites.   So the Lees   saves these two for themselves and are happy to all the creditor take those in net liabilities.   Most probably the creditors have to do all the hard leg work to extract as much value as possible while the Lee just sit back relax and nod head for everything they said since no point putting too much hard work for others benefits.   Easy way out.......

joebloggs      ( Date: 20-Mar-2017 16:19) Posted: I assume that they must satisfy this condition " Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district" , otherwise it could be thrown out. alexchew      ( Date: 20-Mar-2017 16:13) Posted: well, sad to say, sgx is not a lawyer per se.... It will not reject or do anything i guess. Afterall, Ezra did within the rules of the game. It was clear and some forummer was quick to point out immediately chpt 11 filing in US. Ezra management have done this with clear agenda and on guidance of good legal advice for their benefit. So, how sgx is going to challenge this filing? I highly doubt SGX will raise their voice any louder than the " ACTIVIST SPEAKS" in sabana...

 

I assume that they must satisfy this condition " Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district" , otherwise it could be thrown out.

alexchew      ( Date: 20-Mar-2017 16:13) Posted: well, sad to say, sgx is not a lawyer per se.... It will not reject or do anything i guess. Afterall, Ezra did within the rules of the game. It was clear and some forummer was quick to point out immediately chpt 11 filing in US. Ezra management have done this with clear agenda and on guidance of good legal advice for their benefit. So, how sgx is going to challenge this filing? I highly doubt SGX will raise their voice any louder than the " ACTIVIST SPEAKS" in sabana... sheerluck      ( Date: 20-Mar-2017 14:21) Posted: JM is best for local shareholders.   Chapter 11 is best for ZERO mgmt.   How to choose?   Who can choose?   Answer is obivous. If later SGX appeal to US court to reject EZRA filling C11 in US and they have to come back to SG for JM then hor chio.   But then maybe the Lee still stay in US and fly first class back as and wehn they are needed for attending proceeding.   Anyway, bondholders has fullly funded their luxurious lifestyle for the rest of their lives. 畜 生 enojy your life bah!   You played the system well. By the way, who sold all these bonds?   Nevermind,   bank sale person commission already in pocket and fees already in bank account liao.   Contract got all the disclaimers.   Sorry hor laws are on their " sai" (shit).

 

well, sad to say, sgx is not a lawyer per se.... It will not reject or do anything i guess. Afterall, Ezra did within the rules of the game. It was clear and some forummer was quick to point out immediately chpt 11 filing in US. Ezra management have done this with clear agenda and on guidance of good legal advice for their benefit. So, how sgx is going to challenge this filing? I highly doubt SGX will raise their voice any louder than the " ACTIVIST SPEAKS" in sabana...

sheerluck      ( Date: 20-Mar-2017 14:21) Posted: JM is best for local shareholders.   Chapter 11 is best for ZERO mgmt.   How to choose?   Who can choose?   Answer is obivous. If later SGX appeal to US court to reject EZRA filling C11 in US and they have to come back to SG for JM then hor chio.   But then maybe the Lee still stay in US and fly first class back as and wehn they are needed for attending proceeding.   Anyway, bondholders has fullly funded their luxurious lifestyle for the rest of their lives. 畜 生 enojy your life bah!   You played the system well. By the way, who sold all these bonds?   Nevermind,   bank sale person commission already in pocket and fees already in bank account liao.   Contract got all the disclaimers.   Sorry hor laws are on their " sai" (shit). Macqueen      ( Date: 20-Mar-2017 14:06) Posted: Anyone can advise JM, or chapter 11 better

 

So EZRA has ticked this box on the form for Voluntary Petition in NY

11. Why is the case filed in this district?

Check all that apply:

Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district.

sheerluck      ( Date: 20-Mar-2017 14:21) Posted: JM is best for local shareholders.   Chapter 11 is best for ZERO mgmt.   How to choose?   Who can choose?   Answer is obivous. If later SGX appeal to US court to reject EZRA filling C11 in US and they have to come back to SG for JM then hor chio.   But then maybe the Lee still stay in US and fly first class back as and wehn they are needed for attending proceeding.   Anyway, bondholders has fullly funded their luxurious lifestyle for the rest of their lives. 畜 生 enojy your life bah!   You played the system well. By the way, who sold all these bonds?   Nevermind,   bank sale person commission already in pocket and fees already in bank account liao.   Contract got all the disclaimers.   Sorry hor laws are on their " sai" (shit). Macqueen      ( Date: 20-Mar-2017 14:06) Posted: Anyone can advise JM, or chapter 11 better

 

JM is best for local shareholders.   Chapter 11 is best for ZERO mgmt.   How to choose?   Who can choose?   Answer is obivous.

If later SGX appeal to US court to reject EZRA filling C11 in US and they have to come back to SG for JM then hor chio.   But then maybe the Lee still stay in US and fly first class back as and wehn they are needed for attending proceeding.   Anyway, bondholders has fullly funded their luxurious lifestyle for the rest of their lives.

畜 生 enojy your life bah!   You played the system well.

By the way, who sold all these bonds?   Nevermind,   bank sale person commission already in pocket and fees already in bank account liao.   Contract got all the disclaimers.   Sorry hor laws are on their " sai" (shit).

Macqueen      ( Date: 20-Mar-2017 14:06) Posted: Anyone can advise JM, or chapter 11 better joebloggs      ( Date: 20-Mar-2017 13:17) Posted: I thought you had to hold a company in the US for 180 days before you could file for Chapter 11?

 

Anyone can advise JM, or chapter 11 better

joebloggs      ( Date: 20-Mar-2017 13:17) Posted: I thought you had to hold a company in the US for 180 days before you could file for Chapter 11? leongyan      ( Date: 20-Mar-2017 13:07) Posted: that is to enable them to file Chap 11 under USA laws.

 

My opinion semcorb

halleluyah      ( Date: 20-Mar-2017 13:40) Posted: Can share gt simi taichi... paranomic123      ( Date: 20-Mar-2017 12:00) Posted: Beware the next two counters : Hyflux and Noble.. CMI in my humble opinion.

 

If sgx can't stop Ezra, let's see if any other coy will do a Ezra maneuver.

 

Can share gt simi taichi...

paranomic123      ( Date: 20-Mar-2017 12:00) Posted: Beware the next two counters : Hyflux and Noble.. CMI in my humble opinion.