Swissco Holdings

Swissco in new agreement to transfer Main Board status to new company on the Catalist Board - THE EDGE SINGAPORE

Company in the news

Swissco in new agreement to transfer Main Board status to new company on the Catalist Board

The proposed transfer of its listing status on the Main Board of SGX-ST to Tech Onshore MEP-Prefabricators on the Catalist Board will not take place as agreed on Nov 28, 2019, say the judicial mana

Ezion suspends shares, seeks restructuring

SINGAPORE (Aug 14): Singapore-based oil services company Ezion Holdings said trading in its shares would be suspended temporarily as it is in talks with stakeholders such as bank lenders and credit

GSS Energy seeks to be valued as O&G play

This article appears in Issue 783 (June 12) of The Edge Singapore which is on sale now

Ezion could gain from AusGroup debt restructuring as demand rises

SINGAPORE (June 1): AusGroup’s major shareholder Ezion Holdings has agreed to forgive its debts, which will enable it to focus on capturing returning demand for maintenance and sup

Ezion acquires existing JVs & assets in efforts to improve earnings

SINGAPORE (March 28): In a bid to improve its long-term earnings and reduce costs, Ezion Holdings has acquired its remaining 50% equity stakes in existing joint venture (JV) companies Strategic Off

Broker's Calls

Improved cash flow, upcoming rig acquisitions earn Ezion an upgrade

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.

Ezra Holdings

In print this week

Will Ezra go the way of Swiber?

SINGAPORE (Feb 17): Local offshore services provider Ezra Holdings is struggling to stay afloat as it faces mounting debt, defaults and a winding-up petition.

Singapore defaults seen as bellwether for Asia distress in 2017

(Dec 28): Singapore’s commodities-related defaults could turn out to be the canary in the mine.

Broker's Calls

This offshore assets owner is buying Swissco’s rigs. Is it a bargain?

SINGAPORE (Nov 17): Ezion Holdings is said to be negotiating with Swissco Holdings to acquire the latter’s share in the three drilling rigs that are owned under 50-50 joint ventures between the two


Swissco seeks court protection on debt woe

SINGAPORE (Nov 15): A Singapore-listed rig and vessel supplier is seeking court-supervised management to fend off creditors, saying it’s at an impasse with major lenders on a proposed debt restruct