Ezra unit EOL back in US$43.03m put option wrangle with Perisai
The put option Perisai held is tied to the sale of 51% stake in SJR Marine to EOL
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE offshore support vessel (OSV) unit of beleaguered group Ezra Holdings is seeking legal advice on a bid by Kuala Lumpur-listed Perisai Petroleum Teknologi Berhad to revive a put option obliging the former to buy a joint-venture stake at US$43.03 million.
OSV-focused Emas Offshore Ltd (EOL) said late on Sunday that Perisai had in an Aug 17 regulatory disclosure on Bursa Malaysia alleged that a settlement with EOL had lapsed and indicated it is pursuing a completion of the put option.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
