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Ezra’s shareholders approve consolidation of EMAS Marine into EOC and Singapore Listing


Published Aug 20, 2014
Ezra Holdings Limited

Ezra's shareholders have approved the resolution on the proposed consolidation of its offshore support services division, EMAS Marine, with its associated company, EOC Limited (EOC), the proposed offering of EOC on SGX-ST and the secondary sale of EOC shares.

About 98.5% of shareholders voted in support of the resolution by a poll at today’s Extraordinary General Meeting (EGM).

“I am glad that shareholders have supported the Directors’ recommendation to vote in favour of the resolution, which will enhance the value proposition of each of our core business segments,” said Mr Lionel Lee, Ezra’s Group CEO and Managing Director.“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-deep water depths. With this move, Ezra will create one of Asia Pacific’s largest, youngest and strongest offshore services players with a fleet of over US$1 billion in offshore support assets.”

Tags: Ezra Holdings Limited




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