Wednesday, March 1, 2017

Ezra's ECS bankruptcy will affect DBS & OCBC.

http://www.reuters.com/article/us-ezra-hldgs-affiliate-bankruptcy-idUSKBN16728C

DBS & OCBC have loan exposures to ECS.  Ezra will have to write off its ECS investment of about USD$170m (40% stake in ecs).  DBS's exposure is about USD$84.6m and OCBC's exposure is about USD$13.1m.

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2 comments:

  1. Eric HoMarch 1, 2017 at 2:41 PM

    http://sg-stock.blogspot.sg/2017/02/will-ezra-affect-dbs-like-swiber-did.html

    ReplyDelete
  2. Eric HoMarch 2, 2017 at 4:27 PM

    https://sg.finance.yahoo.com/news/dbs-ceo-says-pain-oil-gas-downturn-taken-034545174--sector.html

    Here we go again! I won't believe DBS CEO unless DBS had written down Ezra's bad debt to ZERO. Then, DBS can proudly say that the pain has been taken.

    ReplyDelete