Will Ezion's last-ditch rescue attempt with Yinson survive the oil onslaught?

AS FEBRUARY came to a close, embattled Ezion Holdings issued some good news to long-suffering shareholders: its do-or-die rescue deal by white knight Yinson Holdings was back on the table.

The agreement with Yinson had lapsed last October as one of Ezion's creditor banks did not receive regulatory approval ahead of the proposed debt buyout.

"Finally, my shares that have been kept in the fridge can see some daylight," remarked an investor in a stock forum. Trading in Ezion's shares has been suspended since March 1, 2019, pending talks with a potential strategic investor. They last traded at 4.3 Singapore cents each.