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Ezion gets proposed lifeline from Malaysia's Yinson

Yinson will help to wipe off US$916m of Ezion's debt and in turn get new Ezion shares at 5.5 Singapore cents each

Volatile oil prices have affected Ezion's clients while the oversupply of marine assets like tugs, barges, workboats and jack-ups persists.


AFTER an over year-long hunt for a white knight, Singapore's ailing offshore and marine firm Ezion Holdings has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator which will emerge as the...

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