TRIYARDS HOLDINGS LIMITED
RC5.SI
Triyards Holdings: Ezra’s share charge arrangements with banks
- Triyards Holdings announced that it has received a notification from Ezra Holdings (which owns 60.91% of Triyards) that share charge arrangements have been entered into in respect of Ezra’s shareholding interest in the company:
- 98.8m shares or 30.455% interest in favour of DBS Bank,
- 30.455% interest in favour of OCBC.
- This is likely due to debts owed by Ezra to the banks.
- We are positive on Triyards’s longer- term outlook, with a BUY rating and S$0.51 fair value estimate, but also recognise that in the event of any forced sale of shares held by Ezra Holdings, there could be a downward pressure on share prices.
Low Pei Han CFA
OCBC Securities
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http://www.ocbcresearch.com/
2016-07-12
OCBC Securities
SGX Stock
Analyst Report
0.51
Same
0.51
