Singapore: The Singapore government is investing in offshore firm Ezion Holdings. EDB Investments, the corporate investment arm of the Economic Development Board, is paying S$19m for 14.3m new shares in Ezion.
“Ezion has an excellent growth record and supports significant players in the oil and gas industry”, said Ms Chu Swee Yeok, CEO of EDBI “We believe that Ezion’s differentiating capabilities and global market focus will further enhance Singapore’s competitiveness and leadership in the marine and offshore industry which is a significant contributor to Singapore’s economy. This investment demonstrates EDBI’s commitment to grow globally competitive businesses to build sustainable industry pillars for Singapore.” [18/12/12]
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