Ezra’s restructuring proposal falls through

ezra

Ezra Holdings on Tuesday said that its binding proposal with financial consultancy specialist Asia Fund Space (HK) Ltd (AFS) has fallen through on July 16 due to AFS not meeting certain requirements of the deal.

Specifically, this relates to the non-submission of a request for listing a trust or newly formed entity comprising of existing assets of Ezra, such as Emas Offshore and Emas Chiyoda Subsea, on the Catalist board.

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