ezra3.17Ezra traded at 83.7 cents in Dec 2013, and ended at 1.1 cents recently. Chart: BloombergThe rise and fall of EZRA: The company piled up debt through acquisitions, rightly or wrongly, believing that the future for the business and oil price would continue to grow unabated.

What really went wro
ng when a Board of Directors and Independent Directors oversee the management, regularly review the financials, risks and internal controls.

Are the current guidelines on corporate governance not good enough to signal a potential corporate failure?

Or was too much authority given to the top leadership, its CEO, to make decisions without carefully evaluating the consequences and risks?

Corporate failures have repeatedly happened in history, but the ones who suffer the loss are the ignorant minority shareholders, holding shares with the hope that they would one day recover.

Just hope that no one has lose all their life savings by putting all into just one company like Ezra.

ChanKitWhyePrior to his retirement, Chan Kit Whye (left) worked more than 30 years as Regional Finance Director, Financial Controller and Manager in a multinational specialty chemical business. He has played an active role in CPA (Australia) Singapore Branch, taking up positions in its Continuing Professional Development and Social Committees.   Kit Whye is a Fellow of CPA Australia, CA of Institute of Singapore Chartered Accountants and CA of the Malaysian Institute of Accountants. He holds a BBus(Transport) Degree from RMIT, MAcc Degree from Charles Sturt University and MBA from Durham Business School.


Share Prices

Counter NameLastChange
AEM Holdings1.3000.020
AusGroup0.022-
Avi-Tech Electronics0.345-
Best World Int.1.360-
CEI0.950-
China Sunsine1.140-
CNMC GoldMine0.2650.005
CSE Global0.470-
Eagle HTrust USD0.655-0.005
Food Empire0.515-
Golden Energy0.169-
GSS Energy0.071-
ISDN Holdings0.215-
ISOTeam0.225-0.005
JB Foods0.660-
KSH Holdings0.445-0.005
Miyoshi0.032-0.003
Moya Asia0.0640.001
Nordic Group0.270-
Oxley Holdings0.3250.010
Procurri0.3700.005
REX International0.0960.003
Riverstone0.980-
Roxy-Pacific0.375-
Sing Holdings0.385-
SingMedical0.310-
Straco Corp.0.7250.005
Sunningdale Tech1.200-
Sunpower Group0.480-
The Trendlines0.087-0.002
Tiong Seng0.200-
Uni-Asia Group0.715-
Yangzijiang Shipbldg0.9700.030

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 754 guests and no members online