Quek Leng Chan boost for Ezion
THIS would be a chest-thumping moment for Ezion Holdings, a listed offshore marine services firm, which will soon count veteran businessman Quek Leng Chan as its second top shareholder.
Who would doubt having a seasoned corporate bigwig among big shareholders of a company to inspire more confidence in it?
The Malaysian tycoon brings to Ezion's table - thanks to Credit Suisse, which brought the parties together - corporate stealth built over decades and the single most crucial element in the oil and gas space: connections.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US: Stocks closes up another weekly gain ahead of inflation data
Europe: Stocks close at record high on earnings, rate cut optimism
Oil falls on prospect of higher-for-longer US rates, stronger dollar
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built