Brief: Ezra Holdings Ltd updates on summons in a civil action

Ezra Holdings

06/03/2017 15:23

March 6 (Reuters) - Ezra Holdings Limited  EZRA.SI  
    * Summons in a civil action  
    * Co received summons in civil action from VT Halter Marine, 
Inc. On 6 March 2017 with respect to civil action lawsuit filed 
by VTH 
    * Claim of suit amounts to US$3.3 million 
    * "Company is seeking legal advice in respect of suit and 
assessing impact of suit against group" 
    * Civil action lawsuit filed by VTH on 27 Feb against Emas 
Chiyoda Subsea, Inc, an associated co of co, and co in U.S. 
District court 
    * Cause of action in respect of suit relates to breach of 
loan agreement by ECS US and guarantee provided by co in 
relation to loan agreement 
 
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