Ezra shareholders approves EOC and EMAS merger plan

Singapore: Ezra Holdings has announced that its shareholders have given the green light to a proposed consolidation of its offshore support services division, EMAS Marine, with its associated company EOC Limited.

The shareholders also agreed to EOC seeking a secondary listing on the Singapore Exchange.

“The proposed dual listing in Singapore will be a good platform for investors to gain exposure to one of the industry’s most technologically advanced fleet with capabilities to operate globally at ultra-deepwater depths,” said Lionel Lee, group ceo and managing director of Ezra.

DBS Bank, OCBC and UOB will assist the company on the proposed dual listing on the Singapore Exchange. [20/08/14]

 

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