Corporate digest
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Emas Offshore
OFFSHORE marine construction contractor Emas Offshore said on Wednesday that it, together with its parent Ezra Holdings, has agreed with buyer PetroFirst Infrastructure 2 to extend the long stop date for the purchase of PV Keez to Dec 31, 2016, from Nov 30, 2016. Both sides had in July signed a binding share purchase agreement for the proposed divestment of their entire stake in PV Keez. A July announcement had disclosed that the Emas subsidiary involved has an equity interest of about 41.7 per cent in PV Keez, while Ezra has a stake of at least 38.3 per cent in the company. Emas said it will provide further updates in due course.
Pan-United Corporation
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