Ezion sells two businesses to AusGroup for S$55m
JUST over three months after offshore firm Ezion Holdings joined hands with struggling AusGroup to suss out opportunities in the logistics space, both parties have tightened the pact even further.
Separate announcements by the two parties yesterday said that they have entered into an agreement for Ezion to sell its marine base and vessel chartering business to AusGroup for S$55 million.
The deal will allow Ezion to sharpen its focus on the booming service rigs business while AusGrou…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Australian inflation boosts case for higher-for-longer rates
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts