Singapore
STATE-OWNED conglomerate China Merchants Group is in talks with Singapore-listed offshore and marine (O&M) group Ezion Holdings over a joint venture deal.
Ezion did not respond to requests for comments as at press time.
The Business Times understands however, that China Merchants, which has assets of 7.3 trillion yuan (S$1.52 trillion) as at the end of 2017, is hoping to inject rigs and liftboats into the proposed JV.
Its main aim is to use the Singapore-listed group as a platform to market...