AsiaOffshore

Ezion to be liquidated

Singaporean liftboat operator Ezion Holdings will be liquidated after failing to come up with a potential investor.

Ezion said in a release to the Singapore Exchange yesterday that the company, after speaking to several potential investors, will not continue with its restructuring and recapitalisation efforts given that it does not have continued support from its secured creditors.

Trading of Ezion shares had been suspended since early 2019.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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