Singapore-based private equity investment firm Pavilion Capital Fund Holdings, a subsidiary of Temasek Holdings, is planning to subscribe up to SGD $50 million ($38 million) worth of shares from Singapore oil & gas player Ezion Holdings.
The money will be used mainly for business expansion and the pursuit of new business opportunities, joint ventures or partnerships with various strategic industry partners and for working capital purposes, said Ezion Holdings on Friday (6 April).
The company reported net loss of $1.02 billion for the financial year ended 31 December 2017 (FY 2017).
Its revenue for FY 2017 decreased by $125.1 million (39.3%) to $193.1 million as compared to FY 2016. The decrease in revenue was mainly due to a variety of factors including drop in utilisation rate of jack-up rigs and its offshore support vessels, and an overall reduction in charter rates.
Photo credit: Quadrise
Published: 10 April, 2018
The bank is filing an application for pre-action discovery at the High Court of the Republic of Singapore in order to ascertain its future direction of proceedings against Sinfeng, according to court documents.
‘We need to keep in mind the saying “penny wise pound foolish”,’ says Captain Rahul Choudhuri, the Managing Director AMEA at VPS, who stresses on the essential role of the Bunker Surveyor.
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
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Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.