Singapore’s Ezra Holdings, together with its subsidiaries and associated companies, has filed an application in the High Court of the Singapore requested it be placed under judicial management.
The application will be heard in court on a date to be fixed by the court, and in the meantime the company will be protected from winding up orders and other claims.
Despite being based in Singapore, Ezra filed for chapter 11 in the US in March 2017.
It later announced a white knight investor had agreed to rescue the company but this fell through in July 2018, leading Ezra to file a proposed First Amended Chapter 11 Plan that proposed the appointment of a debtors representative to implement a plan together with the board. Ezra said it would then commence judicial management proceedings in Singapore to address any remaining assets for the benefit of parties-in-interest.
