Corporate digest

Ezion Holdings

TERASEA, a joint venture in which offshore and marine group Ezion Holdings has a 50 per cent interest, was placed under creditors' voluntary winding-up from Tuesday. This follows a resolution passed at Terasea's extraordinary general meeting, and confirmation by its creditors.

BDO Advisory has been appointed the joint and several liquidators of Terasea for the purposes of winding-up its affairs, said Ezion in a statement on Tuesday. The winding-up of Terasea is not expected to have a material impact on Ezion's net tangible assets or earnings per share for the financial year ending Dec 31.