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Ezion agrees to debt-equity swap deal with AusGroup

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Published Mon, Jun 12, 2017 · 09:50 PM

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    Singapore

    EZION Holdings will hold 20 per cent of the enlarged share capital of mainboard-listed offshore and marine player AusGroup if a substantial debt-to-equity swap proposal goes according to plan.

    The two Singapore-listed groups entered into a subscription agreement on Monday that will see Ezion pick up over 140.7 million shares in AusGroup.

    ausgroupDebt restructuring

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