Singapore owner EMAS Offshore Limited (EOL) remains in talks with its banks after its ultimate holding company Ezra Holdings filed for bankruptcy restructuring in the US on Monday.

It admitted the Ezra situation "may have a negative impact", and is seeking advice, as well as assessing how it will affect ongoing initiatives to refinance and secure further working capital.

"In the event that these efforts do not achieve a favourable and timely outcome, the group will be faced with a going concern issue," it added.