service rigs

Ezion secures US$1.5 bil refinancing package in final leg of restructuring exercise

SINGAPORE (Feb 7): Offshore & marine group Ezion Holdings says it has secured refinancing totaling to approximately US$1.5 billion ($2 billion) from its six secured lenders, namely: DBS, OCBC, UOB, Maybank, CIMB and Caterpillar Financial.

Broker's Calls

Seize the day with a beaten-down stock in the midst of sector recovery

SINGAPORE (Jan 16): OCBC Investment Research has upgraded its call on Ezion Holdings from “hold” to “buy” with a fair value estimate of 54 cents.


Ezion’s 2Q earnings down 31.5% to US$19.8 mil

SINGAPORE (Aug 11): Ezion Holdings saw a 31.5% fall in 2Q earnings to US$19.8 million ($26.6 million) from US$28.9 million a year ago on lower gross profit.