Necotrans Singapore has filed an application to wind up Ezra’s associate company EMAS AMC.
Ezra informed it was made aware on February 13, 2017, that Necotrans Singapore has filed a winding up application with the High Court of the Singapore on February 06, 2017.
EMAS AMC is a wholly owned subsidiary of Emas Chiyoda Subsea (ECS), with Chiyoda holding 35% stake in the company, along with Ezra holding 40%, and Nippon Yusen Kabushiki Kaisha (NYK) holding 25%.
The winding up application against EMAS AMC has been fixed for hearing on March 03, 2017.
Ezra informed that EMAS AMC is currently seeking advice on the winding up application, and that it will hold discussions with relevant parties in the meantime.