TROUBLED liftboat operator Ezion Holdings will be proceeding to wind up as it could not find a potential investor with a proposal that can secure enough support from its major creditors, it said in a bourse filing on Thursday (Dec 30).

TROUBLED liftboat operator Ezion Holdings will be proceeding to wind up as it could not find a potential investor with a proposal that can secure enough support from its major creditors, it said in a bourse filing on Thursday (Dec 30).

When Shane Kimpton took over as the CEO of AusGroup in July 2017, he was the fifth person to take that job in six years. The company was in bad shape, strug­gling under a debt burden of A$150 million in the FY2017 ended June 30, 2017. A month before Kimpton took over, the com­pany was placed on th...

Ezion Holdings has signed agreements to dispose of its 100% effective interest in subsidiary Teras Sunrise for US$80.2 million ($108.51 million) as well as two towing tugs for US$3.46 million. Teras Sunrise, which owns a liftboat of the same name, along with the two towing tugs “Teras Darius” an...

Teras Conquest 9, a wholly-owned subsidiary of Ezion, and SLH (Tianjin) Ship Leasing Co, has entered into a memorandum of agreement (MOA) for the sale of a liftboat, the Teras Conquest 9, at a consideration of US$18.5 million ($24.7 million). The MOA was executed by UOB as Teras Conquest 9’s attor...

EZION Holdings on Friday said it will sell the Teras Conquest 7 liftboat for a cash consideration of US$13 million.

EZION Holdings on Friday said it will sell the Teras Conquest 7 liftboat for a cash consideration of US$13 million.

Ezion Holdings’ wholly owned subsidiary Teras Fortress 2 (TF2PL) has disposed of a liftboat to Virgo Shipping for a cash consideration of US$22 million ($29.2 million). Virgo Shipping is mainly involved in the business of chartering of ships and vessels to support the marine and offshore oil and g...

EZION Holdings posted a net loss of US$224.5 million for the third quarter ended Sept 30, widening from a net loss of US$71 million a year ago.

EZION Holdings posted a net loss of US$224.5 million for the third quarter ended Sept 30, widening from a net loss of US$71 million a year ago.