THE fate of certain assets of Singapore offshore services company Ezra Holdings and its subsidiaries and related companies — which include the leading subsea contractor Emas-AMC — could be clearer later this month following a vote on a related restructuring plan.
Ezra filed for Chapter 11 bankruptcy protection in March this year, and since then has been involved in extensive negotiations with various parties on the terms of a re-organisation plan that will enable it to restructure its debts, and possibly enable a new start.
