EMAS Chiyoda files for Bankruptcy Protection

EMAS Chiyoda Subsea (ECS) has filed for voluntary petition for Chapter 11 in the United States Bankruptcy Court in Houston, Texas.

You can read more here

You can also read my post why I want to sell out my banks’ positions. ECS carries a smaller set of the debt for Ezra, largest unsecured claims show DBS with claims of around $84.6m and OCBC with $13.1m. 

Will this have a domino effect? We shall see.

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