Company Briefs

Ezion pays US$32.5m for company owning jack-up rig

EZION Holdings is acquiring a company which owns a multi-pupose propelled jack-up rig for US$32.5 million, to be paid through the issuance of new shares at $2.2407 each. This will give the vendors - Venstar Investment Ltd, Venstar Investments II Ltd, Evia Growth Opportunities II Ltd and SkyVen Growth Opportunities Fund Pte Ltd - a combined 1.5 per cent stake in the enlarged share capital of Ezion. The firm said the transaction will allow it to reflag the liftboat - which has a six year chartering contract to the group that started in February 2012 - and better position the group for the subsequent renewal of the charter contract.

Goodpack buying rest of stakes in 2 subsidiaries