Ezion in talks with Swissco interim JMs to buy out 4 rigs
Ezion is the backer for loans tied to these units, but could face difficulties keeping the rigs employed
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OILFIELD services provider Ezion Holdings is understood to be in final talks with the interim judicial managers (IJMs) of Swissco Holdings, to take over four rigs co-owned by joint ventures between the two parties at a total consideration of over US$16 million.
The Business Times (BT) understands Ezion has upped its offer to over US$4 million per rig after Swissco's IJMs pushed back the earlier takeover bid priced at about US$3 million per rig.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam acts fast to shield firms, households from fuel price surge
Beijing’s calculated silence on the Iran war
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
