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Singapore's Ezion Holdings headed for liquidation

Singapore-based group Ezion Holdings, which runs an offshore business operating support vessels in the Asia-Pacific region, is headed for liquidation. The company is insolvent and cannot repay its debt.

Photo: Roslan Rahman/AFP/Ritzau Scanpix

Strained Singapore-based company Ezion Holdings, which owns and operates offshore support vessels in the Asia-Pacific region, has given up on completing a necessary financial restructuring, the company writes in a statement.

The board of directors at parent company Ezion Holdings thus recommend that the company carry out a controlled shutdown in order to best accommodate its creditors.

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