EMAS Offshore offers shares for dual listing in Singapore

EMAS Offshore, which is linked to Ezra Holdings and known formerly as EOC Ltd, has launched its public offering of shares for a secondary listing on the Singapore Exchange mainboard.

For the dual listing, the Oslo-listed offshore support, accommodation and offshore production services firm is offering 48.585 million new shares at S$1.21 each to raise estimated net proceeds of S$53.8 million. The offering, which represents about 11 per cent of EMAS' enlarged post-offering share capital of 439.7 million shares, closes at noon on Thursday. Trading is expected to start on Oct 8.

The offering consists of a public tranche of 9.085 million shares and a placement tranche of 39.5 million shares.