Emas Offshore seeks trading suspension on SGX after ordered to do so on Oslo exchange

SINGAPORE - BELEAGUERED Emas Offshore will be requesting for a voluntary suspension of its shares on the Singapore Exchange with effect from March 6.

This comes after the Financial Supervisory Authority of Norway ordered the Oslo Stock Exchange to suspend trading in the shares of Emas on the Oslo Stock Exchange with effect from the close of trading on March 3.

The suspension will be lifted upon publication of Emas' audited annual financial information for 2016.

Emas Offshore, a subsidiary of Ezra Holdings, saw its shares fall by 9.1 per cent to five cents on March 3.

Ezra, which came out of a three trading halt last Friday, plunged 21 per cent to a fresh low of 1.5 cents .