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Ezra, Emas statements send privatisation talk into overdrive

Companies' statements fuel 20 per cent jump in Ezra and 5 per cent surge in Emas stock prices in just one day

Singapore

Marine services firm Ezra Holdings and its subsea subsidiary Emas Offshore on Tuesday night issued identical statements, saying they were in talks on "possible transactions" - which quickly fuelled privatisation rumours swirling in the market lately.

But when contacted, an Ezra spokesman told BT that the company "is not aware of any such plan".

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