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Yinson could pull plug on Ezion's lifeline
White knight's subsidiary has not entered into debt assignment agreements with Ezion's lenders by April 14 deadline
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Fiona Lam
Published Mon, Apr 15, 2019 · 09:50 PM
Singapore
AILING offshore and marine group Ezion Holdings' troubles might not be over, with its potential white knight Malaysia-listed Yinson Holdings now entitled to pull the plug on its proposed lifeline any time.
Ezion on Monday said that Yinson Eden Pte Ltd, an indirect wholly owned subsidiary of Yinson Holdings, had not entered into the debt assignment agreements with Ezion's lenders by the April 14 deadline.
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