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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

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

Singapore

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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