THE overnight rally on Wall Street may fuel trading activities here on Thursday trading, with trading cues coming from companies releasing their quarterly earnings results and some capital-raising updates.
But it remains to be seen if sentiment hanging over the oil and gas sector will continue to rear its ugly head.
In response to articles saying that Ezra Holdings was looking for fresh capital, the offshore marine company clarified on Wednesday night that it reviews options to preserve value for both the company and its shareholders an ongoing basis and to strengthen its financial position. In relation to this, it holds discussions with parties regarding possible transactions, which may include potential fund raising via new loans, issue of new securities, sale of non-core assets, or refinancing of existing loans.
But no definitive agreements in relation to any transactions have been entered into by the company or its subsidiaries, and there can be no assurance or reasonable certainty that any discussions or prospects will be successfully concluded, Ezra said.
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