That is a faint hope.
Singapore-listed Ezra, along with two subsidiaries, filed a petition for US bankruptcy protection under Chapter 11 rules last Saturday, citing huge liabilities and losses of $850m.
While bondholders seek to reclaim their investments, Ezra’s equity has been wiped out. The Singapore Exchange (SGX) this week reports the company’s market capitalisation at SGD 32.33m, down from a market cap of about $1.12bn
