Stocks to watch: SGX, mm2 Asia, Ezion

8 Mar 2017 - Business Times Breaking News
Singapore Exchange: SGX will mandate all mainboard companies to allocate to retail investors at least 5 per cent, or S$50 million, whichever is lower, of their initial public offering (IPO). This new rule will kick in from May 2, 2017. Separately, it is consulting the public on proposed adjustments to ...
sgx:s68 sgx:41c sgx:5me

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Windfarm venture sparks hope for Ezion

24 Feb 2017 - Singapore Business Review
It has signed a deal with Huadian. With China lagging on its 5GW target of installed offshore wind capacity by 2015 and 30GW by 2020, rig and offshore logistics support service provider Ezion is venturing into wind farm to grab a share of first-mover advantage. According to DBS Group Research, Ezion ...
sgx:5me

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Stocks to watch: CDL, Ezion, Singtel

23 Feb 2017 - Business Times Breaking News
City Developments Limited THE developer's fourth-quarter and full-year net profits were dented by the absence of substantial profits that were recognised in the year-ago period from the second Profit Participation Securities (PPS) platform, as well as a weak market, even as revenue grew.
sgx:z74 sgx:c09 sgx:5me

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Updated: Ezion reports losses, completes talks with bankers and cuts capex by US$270m

23 Feb 2017 - Business Times Breaking News
EZION Holdings reported on Thursday that it has sunk deeper into the red for the fourth quarter ended December 31, 2016 due to more impairment losses as a result of continued weakness in charter rates as well as the oil and gas sector. The company, which provides service rigs and offshore logistics support ...
sgx:5me

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Ezion sinks into the red with a $47.6m loss in 2016

23 Feb 2017 - Singapore Business Review
Blame the accumulated impairment losses. Rig and offshore logistics support service provider Ezion has sunk into the red for the past year, recording a US$33.6m ($47.6m) loss for the period. This came as the group's revenue decreased by US9.4% to US$318.2m due to the absence of contribution from the ...
sgx:5me

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Ezion issues profit warning for Q4 and FY2016 results

17 Feb 2017 - Business Times Breaking News
EZION Holdings Limited issued a profit warning after trading hours on Friday for its fourth quarter ended Dec 31, 2016, as well as its full-year 2016 results. The group expects to record a net loss for both Q4 2016 and its full-year results due to impairment charges that are yet to be determined.
sgx:5me

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Ezion non-executive director trims interest in company

11 Jan 2017 - Business Times Breaking News
LIM Thean Ee, an independent non-executive director of Ezion Holdings, has trimmed his stake in the oil and gas support service provider. On Jan 6, Mr Lim sold 120,000 Ezion shares at 40 Singapore cents each. The price excludes brokerage and stamp duties.
sgx:5me

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AusGroup: Approval Of Port Melville Decision On Referral.

15 Dec 2016 - ShareInvestor Express
Ezion Offshore Logistics Hub (Tiwi) Pty Ltd, a wholly owned subsidiary of AusGroup Limited, is approved "To operate a marine supply base at Port Melville, Melville Island, Northern Territory, for the shipment of equipment and supplies for projects such as the construction and operation of offshore oil ...
sgx:5gj sgx:5me

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Ezion, Swissco in legal spat over joint ventures

17 Nov 2016 - Business Times Breaking News
A LEGAL spat is developing between two listed offshore and marine groups, Swissco Holdings and Ezion Holdings, over claims tied to their offshore drilling joint ventures. Swissco said on Thursday that Ezion, in its statutory demands issued to Scott & English Pte Ltd (S&E) for claims of over US$500,000, ...
sgx:5me sgx:adp

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Broker's take: KGI downgrades Ezion to 'sell' on weak fundamentals

11 Nov 2016 - Business Times Breaking News
KGI Securities has downgraded Ezion Holdings to a sell from a hold due to the company's weak fundamentals and high valuation compared to international peers. "Since our last update, Ezion's share price has risen by about 50 per cent and presents considerable downside risk. Thus, we downgrade Ezion to ...
sgx:5me

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