Ezion Holdings’ bond restructuring exercise has won praise from investor action group Securities Investors Association Singapore (SIAS).
“The engagement process should be held as a best practice model for all other issuers and professional advisors to follow in the future,” said SIAS chief executive David Gerald.
“SIAS is heartened that, an average of more than 90% of all security holders, have voted for Ezion’s refinancing proposal, demonstrating not only their understanding of the issues that had affected the oil and gas sector but also their confidence in its recovery.
