EZRA has filed for bankruptcy in the US states yesterday (19 Mar 2017). This was the latest development following the trading halt in Ezra share last Wednesday. I am not too familiar with how bankruptcy of local stocks in Singapore will proceed and more importantly whether there will be a possibility shareholders of Ezra stock would get back their capital or even some monies. It seems to me even more complex now since Ezra is a Singapore-listed stock but it has filed for bankruptcy in the United States, hence I do not know how this will all translate.
The move by embattled Ezra to file for bankruptcy is likely to send waves across the Singapore’s O&G sector stocks when the stocks market open later. Banking stocks could be hit as well since some of these have unsecured loans to these O&G players. More importantly, investors will be busy scrutinizing …Read the full article →