Ezion firms ties with AusGroup

Singapore: Ezion Holdings and AusGroup  intend to explore and pursue opportunities for collaboration, such as in the provision of logistics supply chain and related support services in agreed areas in Australia, including but not limited to the oil and gas and resources industries and marine industries, Ezion said in a release today.

AusGroup is a company incorporated in Singapore and listed on the Mainboard of the SGXST.

It is currently in the business of providing fabrication, construction and integrated services to build, maintain and upgrade oil and gas, mineral resource and infrastructure development projects.

AusGroup has announced its intention to appoint two directors nominated by Ezion
to its board of directors.

Ezion has also entered into an option agreement with AusGroup with Ezion agreeing to take 110m share options in AusGroup. The consideration for the acquisition of options is S$1.00.  [09/04/14]

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