EMAS Offshore gets Oslo Børs reprieve

EMAS Offshore gets Oslo Børs reprieve

Emas Offshore, part of Singapore’s Ezra Holdings, has successfully appealed the decision of Oslo Børs to delist the company.

In February, the exchange passed a resolution to delist Emas Offshore effective April 27 due to its failure to comply with its financial reporting obligations.

“The Stock Exchange Appeals Committee has repealed Oslo Børs’ resolution of 16th of February 2018 to delist EMAS Offshore Limited,” the exchange stated in a release.

The appeals committee is an independent committee appointed by the Ministry of Finance.

Emas Offshore is working to finalise a proposed restructuring which involved a $50m cash injection from Singapore design and construction firm Baker Technology and private equity firm Point Hope.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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