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Ezra disclosures baffle more than enlighten

Just how does the so-called "forward agreement" between DNB and Frontica gel with a "right to purchase"?

Ezra Holdings' subsea construction vessel Lewek Constellation.

AT first blush, the mystery of who sold a 7.04 per cent stake in offshore and marine group Ezra Holdings to Norway's DNB Bank on Sept 25 might appear to have been much ado about nothing. As analysts have conjectured, the roughly S$25 million deal was likely to do with a substantial shareholder