Singapore’s Ezra Holdings has filed for chapter 11 bankruptcy protection in the US, the company has confirmed.
It said the move, which includes wholly-owned subsidiaries EMAS IT Solutions and Ezra Marine Services, was in order to “facilitate the financial restructuring” of the group.
Ezra said it believed the Chapter 11 filing was “in the best interest of all the company’s stakeholders to achieve a sustainable capital structure…through a transparent restructuring process under the supervision of the US Bankruptcy Court”.
It
