Ezra Holdings divests interest in EzionCompany News // June 4, 2013
The board of directors of Ezra Holdings Limited has announced that the company has divested its holding of 40 million ordinary shares in Ezion Holdings Limited, a publicly-listed company on the SGX Main Board of the Singapore Stock Exchange via a placement that is fully underwritten by DBS Bank Ltd.
Ezion is a leading provider of offshore marine logistics and support services and owner of a fleet of multipurpose self propelled jack-up rigs. The divestment took place on 31 May 2013.
The divestment is part of Ezra’s ongoing capital management efforts to enhance shareholder value through the realization of investments. This is in line with the company’s initiative to rationalize its non-core assets and continue its focus on execution in its core businesses.