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Ezra unit EOL back in US$43.03m put option wrangle with Perisai

The put option Perisai held is tied to the sale of 51% stake in SJR Marine to EOL

Published Mon, Aug 21, 2017 · 09:50 PM

Singapore

THE offshore support vessel (OSV) unit of beleaguered group Ezra Holdings is seeking legal advice on a bid by Kuala Lumpur-listed Perisai Petroleum Teknologi Berhad to revive a put option obliging the former to buy a joint-venture stake at US$43.03 million.

OSV-focused Emas Offshore Ltd (EOL) said late on Sunday that Perisai had in an Aug 17 regulatory disclosure on Bursa Malaysia alleged that a settlement with EOL had lapsed and indicated it is pursui…

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